Aid: Helping or Hurting

We all know that aid in theory is meant to improve lives and raise people out of poverty, leading to sustainable growth and development.

However, aid has more often than not led to more challenges than opportunities to aid recipients. Although we’ve seen small improvements across the globe, from reducing poverty to slowing population growth to curing and preventing diseases, progress that otherwise would have been absent without an outpouring of aid.

Still the impact from aid has not been in proportion to the amount of money donated. Aid’s biggest downside is that no clear, effective system has been put in place to hold aid recipients and their governments accountable for resources illegally taken from public sector coffers  a long-standing, and still very present, trend from Asia to Africa to Latin America/Caribbean to Europe. Unfortunately, the absence of that system reinforces social inequities and perpetuates cycles of political abuse that has led to a sophisticated new form of authoritarianism one that empowers the elites while keeping a majority of people in poverty -James Bovard.

Even though aid is meant to encourage development, aid dependence results in bad governance, stunting development I SERIOUSLY think that the long-term effects of aid dependence have made it difficult, if not impossible, for countries who are recipients of aid to take ownership of its their own development.” Therefore these countries are losers caught in a trap, that doesn’t allow them to advance.

http://www.cato.org/pubs/pas/pa065.html

Paloma-Nicole Dias Dos Santos

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