The Crippling Effect of Foreign Aid

Foreign aid is often viewed as a humanitarian act, however it can actually be a way for developed countries to exercise neo-colonialism on those which are underdeveloped. Leaving them indebted to their donors and therefore answerable to them. This can create a foreign aid dependancy syndrome in the long term - crippling the ability of a country to handle its affairs and economy independently. Attested by different perspectives, this study attempts to analyses the arguments in support and in opposition to the question, “Should donors be accredited if their motives for providing aid are self-serving?” on a global level. Focusing on the ways in which foreign aid can benefit or further deteriorate conditions worldwide. It will conclude with the current courses of action and my opinion on their continuation.