- Words: 1890
- Length: 7 Pages
- Topic: Literature - Latin-American
- Paper #: 73656902
Foreign Aid and Economic Development
Does foreign aid boost hinder economic development?
In theoretic perspectives, foreign aid should be capable of triggering social and economic growth, mostly in developing nations through financial assistance offered by affluent developed nations. Thereafter, this foreign aid should trigger economic growth by improving infrastructure, introducing modern technologies and innovative ideas, reinforcing fundamental social amenities, for instance, education, health and political structures (Brautigam, Deborah & Stephen, 2004)