This website uses cookies to ensure you have the best experience. Learn more

Foreign Assistance Essay

1738 words - 7 pages

James Sturgill
April 14,2014
Research Paper: Foreign Assistance
The government needs to solve the problem of wasteful spending in regards to its use of foreign aid. While it has been a practice for the U.S. to provide foreign aid to other countries for national security purposes, wasteful spending in a time when the U.S. already runs a large deficit needs to stop. I recommend the cutting of foreign aid to foreign nations and in turn setting up an economic investment fund aimed to help countries economies specifically; this is the proper policy because humanitarian groups will always help the impoverished and spending money on foreign aid to help corrupt leaders needs to stop.
Foreign ...view middle of the document...

Government action in aid is also important because countries rely on the U.S. support to help fund their military and assist the impoverished people in the country.
There are many policy options in terms of foreign aid and how the money should be allocated. One option would be to cut all federal spending. Cutting all federal spending could be positive in the sense that poorer countries would no longer be dependent on foreign assistance. Another positive aspect even though it is only a small percentage of our budget cutting foreign aid provides a cut in the budget in a time when budget cuts are necessary. A negative aspect of cutting foreign aid is the fact that countries are reliant on the United States money and the countries could sink further into poverty. Another negative would be other foreign countries gaining power over poorer countries, which in turn could be used against the United States if a war were to break out.
A second policy option would be to cut military assistance as apart of foreign aid and focus on humanitarian efforts. A positive aspect of this policy is that the U.S. would no longer be supplying weapons to countries that have a long standing history of fighting with other countries in their region, this is especially true in the Middle East. Another positive aspect is that humanitarian efforts may be more beneficial to the United States regarding national security than a continued use of military aid and assistance (Bristol, 2011, p.532). A negative is that humanitarian efforts can only go so far in an unstable country and the threat of force that the military provides can be beneficial. Another negative is that humanitarian work does not necessarily mean economic growth for poor countries because humanitarian spending is aimed at helping the poor and not providing jobs or ways in which the impoverished people can make a living.
A third policy option would be to continue with the current policy that is in place in the United States right now. The policy in place now consists of USAID, which is a part of the State Department and USAID operates as the agency responsible for promoting social development and economic improvement (Brooks, 2011, P.542). There is also the Millennium Challenge Account, which focuses on poor countries that have a stable government and then gives money to help those poor countries get out of poverty. As of now the Millennium Challenge Act has been unsuccessful. USAID and the MCC do not involve foreign aid in military matters as humanitarian and military aid are separated due to the Foreign Assistance Act (Bristol, 2011, p.543). The positives of the foreign aid policy in place now is that the U.S. has a present in poorer countries and can intervene anytime the United States feels it is necessary. A negative aspect of the policy is the money given to foreign countries their governments tends to be very corrupt, so the intention and purpose of the money is never realized. Another...

Other assignments on Foreign Assistance

Doing Business Essay

990 words - 4 pages manufacture its product or use its trademark to a foreign company (the licensee) for a fee ( a royalty). Exporting- in which the U.S. Department of Commerce created Export Assistance Centers (EAC’s). EAC’s provide hands-on exporting assistance and trade-finance support for small and medium-sized businesses that wish to directly export goods and services. Franchising- which is a contractual agreement whereby someone with a good idea for a

Remittance Essay

327 words - 2 pages Abstract After foreign direct investment, the second largest type of flows into developing countries, are workers’ remittances (ReenaAggarwal, 2006). Pac news reports” Fiji is estimated to have received $247million (US$165m) in inward remittances in 2007. However, the report said that the true size of remittances including unrecorded flows through formal and informal channels is believed to be larger. The report noted that the acting deputy

Economic Development Of Third World

4827 words - 20 pages their population growth. In addition, Tunisia and Morocco improved women’s status and rights, granted with economic and political empowerment, which made a positive impact on their population management (Singh, 2005). Foreign Aid In response to Third World poverty, many developed nations created foreign aid programs in forms of humanitarian emergency, food aid, development aid, military assistance, etc. Foreign aid is not just about helping

Asian Crisis

686 words - 3 pages Asian Crisis • What happened and when did it happen? Asian Crisis that hit pacific Asian in middle 1997, it liked a big earthquake suddenly hit Southern Asia. In Thailand, the July 2, 1997 when it currency had to devalue, the baht, about 20% against the US dollar, as a result of intense pressure in the foreign exchange market. Not only currency speculators but also many Thai residents were trying to sell the baht and buy the US dollar

Imf And Pakistan

1186 words - 5 pages Assistance framework to help Pakistan manage the immediate effects of the floods. Background Until the economic crisis of 2008, Pakistan had enjoyed a relatively robust economic performance since 2001. Warning signs emerged in 2007 and early 2008, as inflation began to rise and external imbalances expanded. Conditions deteriorated in mid-2008 with the sharp increase in international food and fuel prices and worsening of the domestic security

B School Student

623 words - 3 pages order to lower trade barriers all over the world, and to improve transparency and non-discrimination in international trade. 153 members have joined till now, although no member country has shown total commitment in implementing rules and regulations that are decided at various conferences. Still as an international exporter you should try to target those foreign market where imports are not discouraged in government policies. | Six Types of


1602 words - 7 pages conflicts and poverty could be successfully combated. Americans overestimate the amount of U.S. foreign aid by as much as 30 times, he writes. Therefore, when they fail to see impressive results, they think aid programs have failed. In reality, official U.S. assistance to sub-Saharan Africa, one of the most entrenched poverty areas, runs about $3 to $6 per person daily, most of which does not go to improve health, nutrition, food production, or


1394 words - 6 pages Differntial Rate of Interest Scheme Dissemination Standards Bulletin Board Delivery versus Payment External Commercial Borrowing European Central Bank Export Credit and Guarantee Corporation Electronic Clearing Scheme External Debt Management Unit Exchange Equalization Account European Economic Community Exchange Earners Foreign Currency EFR EPF EUR Exchange Fluctuation Reserve Employees Provident Fund Euro EXIM Bank Export Import Bank of


458 words - 2 pages Globalization Argumentative Paper Tie'rra Lorrine Holman PHL 320 July 13,2015 Jose A. Rodriguez Globalization Argumentative Paper Globalization is defined as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (Merriam-Webster Dictionary, 2015). Globalization is not good for the developed nations. Globalization could mean a

Cyprus Crisis

510 words - 3 pages loan money from foreign markets. In such a situation every effort of the government had to be directed at diminishing the worries of investors, returning to the foreign markets and increasing its positions in various ratings. After all, the government should have sought for financial assistance from EU partners or Troika. However, no appropriate measures have been taken and now it is what it is. References


2668 words - 11 pages and other stakeholders and spells out the rules and procedures and also decision making assistance on corporate affairs. By doing this, italso provides the structure through which the company’s objectives are set and the means of obtaining those objectives and monitoring performance. Corporate governance may be the ways of bringing the interests of investors and managers into line and ensuring that firms are run for the benefit of investors

Similar Documents

Journal Essay

438 words - 2 pages require some level of writing expertise, and every setting makes overlapping, yet not indistinguishable, requests capable journalists can adjust their writing adaptably to the connection in which it happens. Otherwise, just about school or college required their students to get outside dialect authentications for graduated capability, and writing is key in these exams. Good at writing can offer students some assistance with getting a great job. At present, numerous foreign organizations need individuals with high writing ability level to offer them some assistance with making contracts or records in English.

Government Should Give Subsidies Manufacturesto Essay

321 words - 2 pages In this essay am going to agree that the government should give subsides to car manufactures. In recent days there is a lot happening regarding car manufacturing industries.We see business being taken over by other shareholders overseas and the common news which we hear every day that is cutting jobs. If the government does not provide the automotive industry with enough assistance, the companies will easily go to liquidation. In my opinion this

Sociology Essay

916 words - 4 pages The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds. corrupt government officials. Money, of course, is a fungible

How Can African Countries Harness The New Relationships With China And India?

1175 words - 5 pages impact of China and India's growing involvement on Africa's economic transformation. China and India are seeking many of the same goals in the African continent. Due to this there are a number of similarities in their foreign policy. Both use development assistance as means of facilitating trade and investment, as well as helping to secure access to resources. Whilst their project assistance is centered (to an extent) around different areas