Archive for April, 2011

Aids for Developing Nations

Map of Africa

Aids for developing countries could be beneficial for their economic growth. What the many of the developing nations have problem in common is the lack of security. If a nation’s security is bad, it is highly unlikely that people will work hard to achieve high economic development. One way the developed countries could help these countries is through stabilizing security either by sending police or UN peacekeeping forces. The major reasons why people become rebels is that the price of the necessities are very high and they have no work. By providing the necessities at low price, they could solve the major part of the security and the economy of the developing countries.

As soon as the security issue is resolved, the developed countries could send aids to the developing nations if the leadership of their country is reliable. If the large sums of money is squandered in the official’s ‘personal uses,’ then the likelihood that the nation will experience the economic growth is very slim. The developed nation must guide the developing nations to spend the financial aids to build on to the capital goods. In the short run, this will result in the increase in the imports and therefore the increase of expenditure, however, this will increase the productivity of the developing nation and increase the exports in the long run.

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