For years man has desired to eliminate proverty from this world and has speculated for generations on how to create a model society. Currently, there has been a substantial amount of scrutiny that has been given to Africa, with myraid advocates pushing for billions of intercontinental aid. Many econcomists are questioning how effective the aid is on relieving Africa from it’s penniless communties and underdeveloped framework. There’s astounding evidence that reveal that the foreign aid given to Africa has made the poor poverty-stricken. “The stigma associated with countries relying on aid should also not be underestimated or ignored.”(4)
Approximately five decades of aid has flooded countless countries of Africa with billions of dollars. …show more content…
The downside of this idea it creates a reliance of aid on the needy country without actually solving the problem. “Giving money can feed the hungry, and help the sick—but it does not free people from the instituations that make them hungry and sick in the first place. It doesn’t free them from the system which saps their opportunities and incentives, at worst it’s downright counter-productive in the long run.”(2) “The more aid poured into Africa, the lower its standard of living. Per capita GDP of Africans living south of the Sahara declined at an average annual rate of 0.59 percent between 1975 and 2000. Over that period, per capita GDP adjusted for purchasing power parity declined from $1,770 in constant 1995 international dollars to $1,479.”(7)
Africa continues to be an extremely unpredicatable continent, with wars and civil rights movements. Since 1992, thirteen countries have been involved in civil war including my birthplace Ethiopia. After years in war and famine, most citizens including my family members in Ethiopia and Eritrea are realizing that foreign aid has done little to no help. Which casts a new light, that foreign aid can’t assist a continent on accomplishing economic success. It’s time for a
Approximately five decades of aid has flooded countless countries of Africa with billions of dollars. …show more content…
The downside of this idea it creates a reliance of aid on the needy country without actually solving the problem. “Giving money can feed the hungry, and help the sick—but it does not free people from the instituations that make them hungry and sick in the first place. It doesn’t free them from the system which saps their opportunities and incentives, at worst it’s downright counter-productive in the long run.”(2) “The more aid poured into Africa, the lower its standard of living. Per capita GDP of Africans living south of the Sahara declined at an average annual rate of 0.59 percent between 1975 and 2000. Over that period, per capita GDP adjusted for purchasing power parity declined from $1,770 in constant 1995 international dollars to $1,479.”(7)
Africa continues to be an extremely unpredicatable continent, with wars and civil rights movements. Since 1992, thirteen countries have been involved in civil war including my birthplace Ethiopia. After years in war and famine, most citizens including my family members in Ethiopia and Eritrea are realizing that foreign aid has done little to no help. Which casts a new light, that foreign aid can’t assist a continent on accomplishing economic success. It’s time for a