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Discuss how aid can both harm and hurt a country
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Name: Jonathan Tam Class: 13A International Baccalaureate - Economics Aid hurts a country more than it helps. Discuss Aid can be given to developing countries in different ways. Aid can be given through either bilateral aid or multilateral aid. Bilateral aid is when a country gives aid directly to another country. Multilateral aid involves an NGO (non-government organization) or a third party during the giving of aid. Bilateral aid is often less desirable. It is because there are no other agencies which regulates the process, and often political issues are involved. For example, the US might give aid to Philippines in order to get their support in the United Nations on the war of Iraq. By this, although the developing countries get aid which will benefit their economy, this aid is not desirable. Multilateral aid involves a third party who is politically neutral, e.g. the International Monetary Fund (IMF). The IMF regulates the donation of aid, and...
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