Aid for Donor Interests

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Recommended: Essays on the age of imperialism

Lack of development in countries in the so-called `Third World' has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of today's suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependency and supremacy give rise to the contrast of enormous resources and immense poverty in developing countries is. In the last years the outcry of justice and the emancipation of the Third World became louder throughout developing and industrialized countries and its population. This shout for justice refers mainly to Structural Adjustment Programmes (SAPs) and loans imposed by donor countries and institutions on recipient countries, bound on conditions and regulations. Designed to improve a country's investment climate, SAPs are gaining stronger influence over indebted governments' economy and become a burden to the recipient population. The organization AFRODAD, the African Forum and Network on Debt and Development, states that ."..donors use Aid to create and foster the impression among recipient countries that Aid is beneficial to them, Aid has failed to improve the situation of the poor as it has promoted the real interests of donors." Many groups like non-governmental (NGOs) and grassroots organizations, economists and United Nations agencies claim that the economic course installed by SAPs, deepen poverty, weaken self-reliance and lead to an on-going dependency. Most important they argue that aid promotes the profound interests and ben...

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...Company, USA.

Tisch, Sarah J. & Wallace Michael B. (1994) Dilemmas of Development Assistance. pp.51. Westview Press, Oxford.

Todaro, Michael P. (1977) Economic Development. Longman Group, Essex.

Wikipedia, The Free Encyclopedia. (2001) `Federal Grant'. Accessed:07/01/2005,

http://www.en.wikipedia.org/wiki/Federal_grant

Wikipedia, The Free Encyclopedia. (2001) `Predatory Lending'. Accessed:07/01/2005,

http://www.en.wikipedia.org/wiki/Predatory_lending

Accessed: 28/01/2005, http://www. wtrg.org/prices

Accessed: 11/01/2005, http://www.worldbank.org

Accessed: 12/12/2004: http://www.afrodad.org/issues/aid.htm

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