Overseas aid; a tool for developing, or a source of dependence.

[CTO114]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

[Smartvirus]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

Aids you say or a means to build uneven or unfair trade relations.

This is what it usually comes down to. They make you have a sense of dependency and then, when they slip in their real intent, you don’t have much to say in it because, they are already in your government and with you in their debt given the aids you do receive.

Forum aids doesn’t really push for growth in an economy, entrepreneurship and good trade relationships do.

[pooya87]

Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Take Pakistan for example. IIRC 5-6 years ago they requested a loan from an American organization known as IMF as a "bailout"; then the US regime demands began. For example they demanded that Pakistani government removes the subsidy for fuel and electricity and also to raise taxes in order to receive the loan!!!
This is meddling in internal affairs of another nation which is extremely damaging to their economy. What's worse is that when the Pakistani government followed those demands they still didn't receive the loan, not fully at the time they needed it.

That's the kind of dependence that is dangerous.

[7juju]

The effects that these aids are causing developing countries are too much. I believe these aids are the reason why the developing countries are not striving to develop themselves, they always want to remain in the categories of developing countries so that they will keep receiving these aids from their benefactors thereby increasing over dependency. In my opinion these aids should be cut off. If these aids ain't coming the leaders of those countries will stand up and do what's necessary for their people. You can't be feeding a child from birth till old age and you expect the child to take up responsibilities.

[Fiatless]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

Aids are economic incentives that can lead to economic growth if the conditions are favourable and it is well managed. But nations end up in a bigger financial mess if the terms of this financial aid have unfavourable conditions. Some financial assistance is targeted are manipulating the country politically, economically and even socially.

I wouldn't conclude that aid is totally bad because many countries have effectively used it to come out of poverty. Aids given to corrupt leaders will not achieve it goal. But good leadership makes aid a viable relief to the country.     

[Reatim]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

when a country is depending more on their imports, their local economy will suffer

their local farmers will suffer, the small businesses won't be getting support and instead of trying to move forward with the help of these big countries they just end up being reliant on them and they might get exploited by those big countries so while it is good to accept help it should not be permanent and they should find a way to stand on their own two feet

[Sticky Bomb]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.

Only if you knew what the so called aid providers are sucking from your country in return, you'll reject the aid outrightly. These aid are just a cover-up to the real agreement between the provider of the aid and the government of the country receiving the aid. There is always a collateral and often times it puts the country receiving the aid under captivity for longer because the countries providing the aid would always put policies that would see to it that the country always has to fall back to them for more aid, thereby giving them an upper hand in the country's economy

Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

If this was the only negative consequences of these aid, trust me, there's not much to worry about. Every foreign aid comes with the it's conditions which your government must agree before it's given out and most times these conditions brings the economy of that country down in the future.

[Spaceman1000$]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

I feel the aid's should be coming once in a blue moon, specifically for a capital project that can be verified easily. Because hence it is done consistently, it creates over reliance, entitlement mentally on the side of the receiver, which in turn brings laziness. Developing countries should strive to build a sustainable economy, so the the day, the countries that are giving out this aids decides to stop giving out aid's and relief materials, the receiving countries can stand on their own. However the good cannot outweigh the bad, because regardless of how you want to see things, this their is still a large amount of the population that benefits from this aid's.

[Lida93]

Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Take Pakistan for example. IIRC 5-6 years ago they requested a loan from an American organization known as IMF as a "bailout"; then the US regime demands began. For example they demanded that Pakistani government removes the subsidy for fuel and electricity and also to raise taxes in order to receive the loan!!!
This is meddling in internal affairs of another nation which is extremely damaging to their economy. What's worse is that when the Pakistani government followed those demands they still didn't receive the loan, not fully at the time they needed it.

That's the kind of dependence that is dangerous.

Absolutely, what the political class in the country does with the given loan aids is of big concern, you don't take a financial aid and embezzle it and expects development to erupt from nowhere, it rather perpetuate your dependence because those loans didn't come in handy without conditions.

Just in the example you had given, it share a very similar tragedy with my country Nigeria starting in 1986 with a Structural Adjustment Programme by the IMF that demands the government to devalue the country's Naira (currency) which was as at then a Naira was almost $1.50 and starting from that period to this day there has being a looming interest rate and devaluation which has pushed the country's currency to be of no consequence to the Dollar making the country economy dependent on foreign capitals to accelerate its programmes at home. A dangerous narrative the new generation has to change.

[Felicity_Tide]

These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.

I agree that aid act as immediate relief, morever, they are shortterm solutions especially in emergency cases, but I'm not sure of how it can boost the economy of a developing country. Majority of the third world countries today that lives in poverty is as a result of corruption. Corruption is in every system, but some systems are far worse than the other. You might want to search on Google on how some countries diverted their Covid aid in 2020. Just imagine those in government stealing in a very crucial and terrible time like 2020 when the world was in lockdown.

I can not deny the facts that aid is very important especially for an average citizen who never planned to be in situations that required such assistance. But I'm of the opinion that aid is of no benefit to a country that does not have plans to sort out its own basic issues.

[Webetcoins]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.

Only if you knew what the so called aid providers are sucking from your country in return, you'll reject the aid outrightly. These aid are just a cover-up to the real agreement between the provider of the aid and the government of the country receiving the aid. There is always a collateral and often times it puts the country receiving the aid under captivity for longer because the countries providing the aid would always put policies that would see to it that the country always has to fall back to them for more aid, thereby giving them an upper hand in the country's economy

Even when that is not the case, the problem is that every time there is an aid, it barely reaches the people who need it. If you ever worked in any of them, you will see that a group comes in and takes it away, and that is how corruption works.

If you really want to be enemy of the people who gives the aid, then those nations should not take the aid at all, let the people starve to death.

The real enemy is within, not outside, the people who are giving aid is not the problem, it's the ones who take it away. Criminals of most of these places, loot it, and then sell it for either money or for labour, to get themselves richer.

The money that you raise in west, do not go to aid, most of it goes to bribery and corruption, just so a small part could go to aiding people in need.

[Kelward]

Receiving aids from developed countries are making underdeveloped countries to become lazy and over dependant. The worse is that it is causing more corruption in the government of these poor countries, their officials with scrupulous elements diverts funds to personal uses. This is why I'm happy that Trump, stopped the USAID because people were complaining that the aim of the aids have been compromised. Some people are of the opinion that these developed countries that hands out aids to these underdeveloped countries are doing so for the countries not to think of developing by themselves. Teach them how to fish instead of giving them fish, they will rather give alms than teach them the secret to succeed.

[Joy_learns_crypto]

There is an identical thread like this that is still free for you to contribute on https://asktom.cf/index.php?topic=5559538.0 the topic is still in the first page of this board. you should have just replied your post there. Aid is sent out to countries in need so the inspiration is a good one but where the dark side comes in is how it is being used.  

[Wakate]

Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Take Pakistan for example. IIRC 5-6 years ago they requested a loan from an American organization known as IMF as a "bailout"; then the US regime demands began. For example they demanded that Pakistani government removes the subsidy for fuel and electricity and also to raise taxes in order to receive the loan!!!
This is meddling in internal affairs of another nation which is extremely damaging to their economy. What's worse is that when the Pakistani government followed those demands they still didn't receive the loan, not fully at the time they needed it.

That's the kind of dependence that is dangerous.

There are so many countries that have that dependency on aids for survival and some were able to breakout of such dependency by investing in education and technology. The IMF is not doing anything good to countries getting aids and loan from them and what they care about is indirectly increasing the inflation in such countries.

The same thing is what we are passing through in my country. Just to get loan from the IMF, they ask the government of my country to increase inflation by removing subsidy on fuel and electricity when it was obvious that the entire country depend on it for survival. After the removal of subsidy by the corrupt leaders, everything changes and inflation increased drastically. You can no longer buy what you used to buy with same amount of money. The price of food, clothing, housing tripled within a month and every sector had to inflat the prices of their products.

There are countries that are still going through high dependacy due to regional conflicts, war and bad leaderships. Countries like Afghanistan, South Sudan etc are currently dependent on foreign aids and this is as a result of the bad government embezzling funds that are meant for basic amenities. If corruption can be reduced and the leaders think twice on how they can invest in education and technology just like Burkina Faso is currently doing, this would stop automatically.

[Josefjix]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

There is no actually free aid, there is a collateral agreement made behind the scenes or in public, also the aid givers never get tired of giving because failure of the receivers gives them more power to decide whatever they want from the receiver country based on agreement.

The bad is that, it brings chaos between both countries if no understanding is been met.

[Dave1]

Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

As you have describe it, goes both ways. And it depends on the good governance of the sitting political party. If they said that they are taking aids or loan to developed their country then good for them. Specially if you see that there are development, like in second or 3rd world nation.

But the thing is that it also opens the door for corruption if the current administration is using it as a tool to enrich them or making projects that are sub standards. So it cut both world and everything has it's bad and good side of it and it all depends on the governance of the President or whoever has control of the country.

[Promocodeudo]

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Take Pakistan for example. IIRC 5-6 years ago they requested a loan from an American organization known as IMF as a "bailout"; then the US regime demands began. For example they demanded that Pakistani government removes the subsidy for fuel and electricity and also to raise taxes in order to receive the loan!!!
This is meddling in internal affairs of another nation which is extremely damaging to their economy. What's worse is that when the Pakistani government followed those demands they still didn't receive the loan, not fully at the time they needed it.

That's the kind of dependence that is dangerous.

I think this has now become the usual for IMF, trying to brain wash some nations to make some deadly decision just because they are either seeking for their help with loan or indebted to them, in my country we are facing the same challenge here, the inaugural speech of the present government in my country was subsidy has been removed, the president said we can no longer pay for the fuel subsidy regime and that was where the inflation ravaging the economy of my dear country hit high, I think it is high time most of this countries decide on what they want, they should stop acting as if they can't stay on their own, for crying out loud if not for corruption most of those countries seeking for loan or whatsoever can actually build there country without the help from anywhere but because of corrupt leaders in the helm of affairs things keep getting sideways.
China is standing very strong today economically just because the realize it early that they can do it on their own, they decided to put in strict criminal laws that are very effective, no person, be you government officials or anyone that can easily still from public funds and  and even if you do and get cut along the line with good evidence against you then such person knows the consequences of his or her actions.

Very soon countries that understand what IMF is doing will start to speak out for other countries to know what's at stake, how will an organization that sais they meant well for other countries that seek for their assistance direct those countries to impoverish their countries with high tax and high level of inflation knowing fully well that these are countries with high level of unemployment, so how would they expect these countries to cope, too bad.

[Franklyn-wood]

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Take Pakistan for example. IIRC 5-6 years ago they requested a loan from an American organization known as IMF as a "bailout"; then the US regime demands began. For example they demanded that Pakistani government removes the subsidy for fuel and electricity and also to raise taxes in order to receive the loan!!!
This is meddling in internal affairs of another nation which is extremely damaging to their economy. What's worse is that when the Pakistani government followed those demands they still didn't receive the loan, not fully at the time they needed it.

That's the kind of dependence that is dangerous.

Depending too much on aid from the Western world can be used as a tool to fight against developing countries.
Many countries have been victims of that which I'm not going to illustrate. The United States has played a major role in the destruction and corruption we have been experiencing in the world. With the use of the IMF which the US controls its being used to cripple counties that have potentials to growth and become self dependent without replying on the US or Europe for survival.

I think this has now become the usual for IMF, trying to brain wash some nations to make some deadly decision just because they are either seeking for their help with loan or indebted to them, in my country we are facing the same challenge here, the inaugural speech of the present government in my country was subsidy has been removed, the president said we can no longer pay for the fuel subsidy regime and that was where the inflation ravaging the economy of my dear country hit high, I think it is high time most of this countries decide on what they want, they should stop acting as if they can't stay on their own, for crying out loud if not for corruption most of those countries seeking for loan or whatsoever can actually build there country without the help from anywhere but because of corrupt leaders in the helm of affairs things keep getting sideways.
China is standing very strong today economically just because the realize it early that they can do it on their own, they decided to put in strict criminal laws that are very effective, no person, be you government officials or anyone that can easily still from public funds and  and even if you do and get cut along the line with good evidence against you then such person knows the consequences of his or her actions.

Very soon countries that understand what IMF is doing will start to speak out for other countries to know what's at stake, how will an organization that sais they meant well for other countries that seek for their assistance direct those countries to impoverish their countries with high tax and high level of inflation knowing fully well that these are countries with high level of unemployment, so how would they expect these countries to cope, too bad.

The International Monetary Fund(IMF) objectives has been hijacked by countries I would not like to mention, controlling the affairs of member countries in jeopardizing other underdeveloped and developing countries that are trying to wake up and become self reliance. The IMF does not want member countries to become self independent like Europe and other developed countries.

The IMF has more that 190 member countries that has the privilege to get loan to build their country. The IMF has the objective of providing loan to countries, helping countries to mature in development, and monitor their member countries in terms of development. I am not surprised that they have switched from safeguarding countries especially the developing ones to creating more difficult problems for them and this is done with the support of the United States.

The IMF has no good agenda for Africa and Asia as continents and all they do is to fight and indirectly attacked countries that are doing well for themselves when they needed help. I don't know why a member country of the International Monetary Fund would want other countries to keep begging them for funds and loan. Trump wants all nations to bow down for the United States by all means but that will not happen because individual counties are getting smarter unless the corrupt ones.

Asia and Africa need to wise up and cooperate so that the US will not use them as a test of power. My humble opinion!

[pooya87]

I think this has now become the usual for IMF, trying to brain wash some nations to make some deadly decision just because they are either seeking for their help with loan or indebted to them~

for crying out loud if not for corruption most of those countries seeking for loan or whatsoever can actually build there country without the help from anywhere but because of corrupt leaders in the helm of affairs things keep getting sideways.

Very soon countries that understand what IMF is doing will start to speak out for other countries to know what's at stake, how will an organization that sais they meant well for other countries that seek for their assistance direct those countries to impoverish their countries with high tax and high level of inflation knowing fully well that these are countries with high level of unemployment, so how would they expect these countries to cope, too bad.

The problem is that in the now-over unipolar world the countries had no alternative option. The world was lawless and without order for a couple of decades so US regime (the only power) could dictate anything.

But now the unipolar world is over (it could not last for more than 20-30 years). The world is now getting an actual Order and as the multipolar world is established, the countries will have more options and that means such "lending organizations" won't be able to have such invasive demands from those who seek loans.

As for the corruption and corrupt leaders, I have to say that at a time like this where the world is in chaos as the world Order is being established, we will see more corruption in the governments in various countries. Many of them will fall whether peacefully through elections (like what we've been seeing in Europe) or through coups (like what we are seeing more in Asia). But in both cases the replacement is going to be worse, specially if the change were through a coup and foreign actors were involved.

So brace yourself for more turmoil and chaos in the comin years...

[Sticky Bomb]

Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.

These problems have nothing to do with receiving aid. It is human nature and the laziness, corruption, etc. exist everywhere that "funds" are found.

Problems that are specific to countries receiving aid or loans from foreign/international organization include dependence on that organization and if that organization is controlled by a corrupt regime they will have to do things that that regime orders them to.

Most of these countries asking for loans are trapped in bad leadership already and even the arrival of these loans doesn't do much than enrich the corrupt government officials.

It annoys me very well when countries rich in mineral resources like mine that can easily exploit their bounty and put everything in order would be said to be requesting for loans which they the government  embezzle amongst themselves as soon as it arrives and the next minute they're demanding more loans creating over dependent on these aid providers. They've failed to manage their resources well and there's no guarantee they would be doing anything good with the loans they're given.