Topic > Reasons Why Foreign Aid Doesn't Work for Africa

Throughout life, people have been taught 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 because of these countries' foreign aid dependency, poor governance in African countries, and debt created by loans and aid that provide no benefit to Africa. and it can make the situation worse. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Foreign aid in Africa has not worked as nations around the world expected. Over the past forty years, there have been about a dozen countries, mostly in Asia and a larger number of countries in Africa, that have received aid from foreign countries. Many of these countries have grown at nearly 10% of GDP per year, outpacing the growth rates of major industrialized economies and significantly reducing poverty. Around the same time, sub-Saharan African countries that received foreign aid were unable to generate consistent economic growth, and some worsened. This lack of growth in African countries is due to several things that are being done. For starters, there are many countries in Africa that have become dependent on aid. This dependence has to do with the amount of aid these countries receive. As Moyo states, Africa is dependent on aid. For the last sixty years it has been fueled by aid. Like any addict, he needs and depends on his regular fix, finding it difficult, if not impossible, to contemplate existence in a world without help. Aid dependency is usually caused by large amounts of aid given to a particular country. Brautigam and Knack define aid dependency as a situation in which a government is unable to perform many of its core functions. Low-income countries are usually dependent on aid, and government operations are likely affected. Many African countries have poor governance which in turn harms progress. There are times when foreign aid impacts governance. High levels of aid can both improve and worsen governance. This is because sending large amounts of aid to a country 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, were supplied with money by major world powers thanks to money obtained during the Cold War. This has led to competition between leaders of African nations and a push to get more money from donors. Despite the corrupt environment in Africa, nations continued to obtain more aid from foreign powers. This has led to higher levels of foreign aid provided to these corrupt nations. In Africa, higher levels of aid are associated with larger declines in the quality of governance and tax revenues as a share of GDP. Ghana, for example, is one of the most aided African countries, where senior officials spend up to 44 weeks a year facilitating the oversight of donations. This leaves them no time for their ministry priorities. Not having time for these priorities leads the government to make poor decisions, which results in poor governance. Loans and aid are things that have been given to the African nation, but this aid ultimately leads to a debt that is difficult to repay. . African countries receive large amounts of aid from several countries in the.