Foreign aid and economic stability
Intro
Foreign aid helps to achieve economic stability of short term. But, in long term, it has adverse impact on economy.
Body
1.How foreign aid helps to achieve economic stability of short term?
1.1 Source of finance for budget deficit
1.2 Growth in developmental project
1.3 Multiplier effect on whole economy
2.How foreign aid has adverse impact on long term economy?
2.1 Over-dependence on foreign aid.
2.2 Moral demise of national integrity
2.3 Foreign aid mostly come under hidden agenda in the contemporary world.
Example of nations that progressed without dependence on foreign aid.
4.Suggestions
1.instead of foreign aid training of skill workers should be prioritize.
2.Trade and export increment; better way to revive economy.
Conclusion.
Few points are missing, as I don't remember them now. Kindly, post your opinion regarding my essay.I tried my level best to come with guineas opinion that fpsc baba checkers demand.
