Some Economists argue that Foreign Aid to African countries is not helping them grow economically, but preventing their development. More specifically, they argue that aid has made growth slower and left countries in tremendous debt and more prone to civil conflict and unrest. They continue to argue that all of the foreign aid given to Africa only provides a “band-aid solution” to help “immediate suffering.” That the aid provides only temporary relief, without establishing a “platform for long-term sustainable growth.” In conclusion, they believe that the only way for African nations to rise from their poverty and reach their full economic potential is to eliminate their dependence on foreign aid and focus on increasing trade and business activity. Do you agree to these experts assessments.
Listen to our podcast both part 1 and 2 and then share your thoughts in the comment section.