Free The Best Way To Get Countries Out Of Poverty Is Through Humanitarian And Development Aid Essay Sample
Effective policy making and equality in resource distribution overrules Humanitarian and development aid for less developing nations
The concept of humanitarian and development aid as an economic incentive to developing nations has been the subject of deliberative discussions and arguments among scholars, activists and non-governmental organizations on its effectiveness towards beneficiaries’ economies. Developed countries such as United States, United Kingdom, and China have been committing a massive funding base to assists under-developing nations in their infrastructural and humanitarian activities. Unfortunately, little economic impact has been realized since the same countries have not advanced in Gross Development Product level. Such a concern invites a sensitive question; Is it the fish, the fisherman, the consumers or the fishing rod that has contributed to the dismal performance of the social, economic objective towards developing nations? All these contributing elements have in one way or the other contributed to the slow impact pace of development aid to the least developed countries.
One of the major issues of concern is corruption by aid officials who allocate themselves large percentage of the funds and channel the rest to centralized development projects. Consequently, the nations have continued to record vast wealth distribution disparity with a few rich influencing the poor citizens. The agency problem between the financiers and the beneficiary’s agents has adversely affected the effectiveness of humanitarian aid thus rendering the initiative uneconomical and a social burden to the current and prospective beneficiaries.
This essay will delve into outlining the benefits and the overwhelming loopholes in development and humanitarian aid initiative as well as fronting an alternative aid process that would ensure universal gains and economic growth in developing countries. Hence, the ultimate objective of the essay will thrive at refuting the axiom that humanitarian and development aid is the best channel to eradicate poverty.
Restrictions and recurring debts
Under-developing nations are subjected to restrictive and oppressive trade agreements with the donor countries that expose the nation to overexploitation of resources in disguise for development aid. Donor countries offer development money with high interest rates in exchange for the nation’s resources such as oil and gold mines. As a result, the country economy accumulates less revenue compared to the development funds provided. Further, development aid stretches the countries public debt- a factor that results expose the citizens to imbalanced balance of payment, as well as inflationary pressure. Hence, the ultimate gainers of development aid are the donors at the expense of the fewer developed nations. The practice manifests the impact of greed disguised as an enlightened self-interest.
Corruption and unequal distribution of funds
Despite the positive objective of the humanitarian assistance, corruptible collusion by government agencies denies the real beneficiaries a platform to gain from the funds. Often, the rich utilize their social influence to embezzle the funds and resources for personal benefits rendering the poor society to economic pressure. Consequently, only a few areas dominated by the rich will experience economic gains while the less privileged languish in poverty. The situation could be attributed to information asymmetry between the principal donors and the beneficiary country that has created a vacuum for self-enrichment by entrusted authorities. Moreover, the donor nations reluctant to monitor and develop stringent policies on fund utilization portray a dimming future for the development aid success. Underdeveloped countries are under no obligation to declare reports on fund utilization by the donor countries as a gate pass to qualify for future funding. For that reason, the incentive process fails to attain the intended objective and instead provides a base for few individuals to enrich themselves.
Infringement on country democracy
Regrettably, donor countries hijack the humanitarian exercise in distorting the democratic environment acquired in developing and underdeveloped nations. The governments are intimidated by their donors to pass various laws as qualifying criteria for future funding. Social democracy and peaceful coexistence trade with donor aids exposing the country to political economic and social instability. Thus, the development aid initiative aggravates poverty and social acrimony among citizens as donor countries endeavor to impose unilateral government that would bend to their demands. Argumentatively, a country would rather remain peaceful than advance in economic growth without peace.
Based on the loopholes mentioned above, development, and humanitarian aid fails the threshold for poverty eradication in under-developing nations. Alternatively, enactment of formidable policies and promoting equal distribution of resources among citizens would contribute immensely to upgrading the income level of citizens. Less developed nations should capitalize on amassing their natural resources and promoting infrastructural development to create an enabling environment for business development. Finally, governing authorities need to formulate policies that inhibit corruption perpetration by self-eccentric individuals to ensure transparency and accountability in resource utilization prevails. All in all, over-reliance on donor funding is a detrimental practice to any country’s economic prosperity and self-rule democracy.
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