The Crippling Effect of Foreign Aid

Author(s)	AADYA SINHA
Country	India
Abstract	Foreign aid is often viewed as a humanitarian act, however it can actually be a way for developed countries to exercise neo-colonialism on those which are underdeveloped. Leaving them indebted to their donors and therefore answerable to them. This can create a foreign aid dependancy syndrome in the long term - crippling the ability of a country to handle its affairs and economy independently. Attested by different perspectives, this study attempts to analyses the arguments in support and in opposition to the question, “Should donors be accredited if their motives for providing aid are self-serving?” on a global level. Focusing on the ways in which foreign aid can benefit or further deteriorate conditions worldwide. It will conclude with the current courses of action and my opinion on their continuation.
Keywords	trade, foreign aid, international affairs, international relations, global politics, economy, dependancy syndrome
Field	Sociology > Politics
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-06-02
Cite This	The Crippling Effect of Foreign Aid - AADYA SINHA - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.20099
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.20099
Short DOI	https://doi.org/gtxrsn

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