This their own means or political gain. Supplying

This question will debate the consequences and implications
of developed countries aiding those that are developing and in need of relief. I
believe that this is a growing issue; as we give more money to in need
countries, it could be causing more harm than it does good. It may sound
ridiculous that foreign aid hurts more than it helps but research from Angus Deaton,
a Nobel prize winning economist at Princeton University, suggests otherwise.

Deaton’s prize was received for his work in India and across
Africa, he studied how the underprivileged used the money received. His
research revealed that the funding corrupts the government, which is the most
frequent criticism. For instance, Deaton claims that the majority of the $135
billion spent on official aid in 2014 may not in fact be helping the poor at
all. Another example is Egypt: for years America gave foreign aid amounting to
around $2 billion per year, $1.3 billion of this was in fact spent on funding
the Egyptian military. While the rest of it is assumed to be predominantly used
by government officials for their own means or political gain.

Supplying foreign aid began in the mid-twentieth century because
the wide spread belief among economists was that injecting money into
infrastructure and factories was the best way trigger and accelerate growth. Deaton
wasn’t the first to challenge this idea however his arguments had a much more
significant understanding of the data than anyone else from the decades
previous. He believes that this effect occurs because it effects the relationship
between the government and the people, in an interview with ‘Wonkblog’ Deaton
said “For instance, most governments depend on their people for taxes in
order to run themselves and provide services to their people. Governments that
get all their money from aid don’t have that at all, and I think of that as
very corrosive.” Furthermore, funding towards infrastructure development or
foreign investment may potentially benefit the employers more so than the employees
for example if a portion of the profits or resources accumulated are sent
abroad rather than benefitting the local area.

Another strong argument against supplying foreign aid is
that the less economically developed countries increase their dependency on it.
Which means that there is less of an incentive to work themselves to improve
their area. It has therefore encouraged the nations government, as well as
their populations, to rely on handouts rather than developing independently through
cooperation. An example of this using an anecdote from a volunteer of Peace
Corps who worked in Mali for several years said: 

Written by