Tiltle: DOES FOREIGN AID HELP TO ACHIEVE ECONOMIC STABILITY?

PREAMBLE:

Foreign aid cannot play any meaningful role to achieve economic stability due to inherent shortcomings of the concept.

[A] The Misperception: Foreign aid can do wonders.

[B] The Reality: Foreign aid is insignificant to achieve economic growth and stability.

[C] Flaws Found In The Concept Of Foreign Aid:

1- Unreliable supply
2- Too little to be meaningful
3- Channels of supply such as NGOs are not transparent
4- Cannot reach the poor due to control of elites
5- Give rise to patronage system
6- Mostly military aid which has no bearing on economic stability
7- Civilian aid also comes with restriction on spending
8- Deteriorates National morale
9- Hamper National image in the community of nations
10- Adversely affect Foreign Direct Investment
11- Easy come, easy go!

[D] Alternate ways to achieve economic stability:

(i) Solid Internal Economic Reforms and Foundation
(ii) Emphasis on Foreign Direct Investment

Encapsulation:


wrote outline on page 1-2, essay on 3-13,
approximate word count: 1700-1800

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