Does foreign Aid bring economic stability ?
Intro :
~Contemporary epoch is an epoch of interdependence e.g england depended on holland and us depends on other countries as well.
~The difference only lies in the fact that such countries use their foreign aid, enhance their GDP and dictate the international political economy.
~However Third world countries like pak. Etc fall into dbt crisis due to corruption maladministration n r then surrounded in the shackles of foreign debt.
Gist :
Foreign aid can ignite the process of development in a country but in thelong run its the self help that will bring economic stability in a country.
Main Body :
~In the economic perspective the world has been divided as Global North and Global South.
¤Global North comprises the rich n first world countries where as Global south comprises third world countries like pakistan etc.
¤The difference is bcz of the fact that global north countries utilize their tangible as well as intangible resources where as third world countries r involved in corruption etc n debt crisis so they r economically thwarted
~So its self help that is the best help
~examples of Russia after Russian revolution closed the doors to external help n achieved remarkabke economic glory
~China another example
~ Japan after world warII
~Effects of foreign aid on Pak.:
¤ receivd foreign aid from US in 1947 and since then our forein policy has been directed in american interests and sometimes say ratified by US--e.g didnot foster good relations with Russia
¤foreign policy at times influenced by saudia in iran's perspective
¤no self respect
¤beggars can be no choosers
¤Loans from IMF..as a result our spendings are adjusted according to therequirements of IMF..e.g low spending on education n health whuch r considered vital for a country's progress.
~How to achieve economic stability ?
¤ throwing away the bowl of aid
¤educating the masses--Nelson Mandela's quotation.
¤spending on human resource development.
¤trade
¤help from within invigorates help from without enfeebles.
¤utilizing and exploiting the indigenous resources.
Conclusion :
One must realise that self help is the best help.
foreign aid deprives one from self respect.

Please someone help and comment

i think its quite comprehensible and as per requirement your outline is depicting what u r going to discuss in the essay very well though i m not a senior here 🙄


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