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Foreign aid

Foreign aid is the voluntary transfer of resources from one country to another given at least partly with the objective of benefiting the receipt country. It defines the financial flows, technical support or assistant, commodities that are declined to promote economic development and welfare as the main objectives. Culture of dependency is the way that characterises people way of living by depending on state benefits. I strongly agree that foreign aid should be discontinued as it creates culture of dependency in receipts countries. Therefore, this essay will discuss this argument related to three preview points. Foreign aid could lead to economic issues in the sense that it erodes the quality of governance index; that is bureaucracy, corruption and corruption in…