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Essay / Reasons Why Foreign Aid Doesn't Work for Africa
Throughout their lives, people have learned to help others when they need it. The same dynamic occurs with nations and foreign aid. The question is: does foreign aid work for Africa? The truth is that foreign aid has not worked for Africa due to these countries' dependence on foreign aid, poor governance of African countries and debt created by loans and aid that does not benefit Africa. and can make the situation worse. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Foreign aid to Africa has not worked as well as countries around the world hoped. Over the past forty years, a dozen countries, mainly in Asia and a larger number of countries in Africa, have received aid from foreign countries. Many of these countries have experienced GDP growth of almost 10% per year, surpassing the growth rates of major industrialized economies and significantly reducing poverty. Around the same time, sub-Saharan African countries receiving foreign aid were unable to generate consistent economic growth, and the situation in some of them worsened. This lack of growth in African countries is due to several things that are being done. To begin with, many countries in Africa have become dependent on aid. This dependence is linked to the scale of aid these countries receive. As Moyo says, Africa is addicted to aid. For sixty years, it has been fueled by aid. Like any addict, he needs and depends on his usual dose, finding it difficult, if not impossible, to contemplate existence in a world without help. Aid dependence is usually caused by large amounts of aid given to a given country. Brautigam and Knack define aid dependence as a situation in which a government is unable to perform many of its essential functions. Low-income countries are generally aid-dependent, and government operations are likely affected. Many countries in Africa have poor governance which, in turn, hinders progress. There are times when foreign aid affects governance. High levels of aid can both improve or deteriorate governance. Indeed, when large amounts of aid are sent to a country, it can weaken institutions rather than strengthen them. Unfortunately, the situation in Africa is not positive. In the second half of the 20th century, African nations, despite corruption, received money from major world powers through money obtained during the Cold War. This has led to competition among the leaders of African nations and a drive for more money from donors. Despite Africa's environment of corruption, nations have continued to obtain more aid from foreign powers. This led to an increase in foreign aid given to these corrupt nations. In Africa, higher aid levels are associated with greater declines in the quality of governance and tax revenues as a share of GDP. Ghana, for example, is one of Africa's most heavily aided countries, where senior officials spend up to 44 weeks a year overseeing donations. This leaves them no time for their departmental priorities. Lack of time for these priorities leads the government to make poor decisions, resulting in poor governance. Loans and aid are things that have been given to the African nation, but this aid eventually leads to debt that is difficult to.