Foreign Aid For Africa From The International Community

In Dambisa Moyo’s book, Dead Aid, Moyo explains how foreign aid to Africa from the international community has not benefited the African countries as similar types of aid have been used to stabilize other nations successfully, such as the US aid in the reconstruction of post World War II Europe in the Marshall Plan. According to Moyo, the challenge that many African countries face is a cycle of aid dependency, â€Å"with aid’s help, corruption fosters corruption, nations quickly descend into a vicious cycle of aid. Foreign aid props up corrupt governments – providing them with freely usable cash† (Moyo, 2009, 49). These governments typically interfere and disregard the rule of law, transparency of civil institutions, and the protection of civil liberties, which, according to Moyo, makes â€Å"both domestic and foreign investment in poor countries unattractive† (Moyo, 2009, 49). As a result, fewer investments lead to declining economic growth which c ontributes to poverty. In a growing response to poverty, international donors â€Å"give more aid, which continues the downward spiral of poverty† (Moyo, 2009, 49), which perpetuates underdevelopment and ensures failure in the most aid dependent countries. The foundation of Moyo’s thesis is that foreign aid flooding Africa for the last half century has not worked and has actually harmed Africa’s growth more than it has helped. Moyo’s references that many countries that have substantially less aid than many of the African countries yet aid haveShow MoreRelatedForeign Aid Benefit Or Impairs A State Within The International Community1324 Words   |  6 Pages Elicia Alvarado 100244931 This essay will be discussing if Foreign Aid benefits or impairs a state within the international community. Foreign aid is essential for many states to survive. Foreign aid is a policy that highly developed countries (HDC’s), offer a range of support to less developed countries (LDC’s). There are many forms of aid from HDC’s. 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