It is believed by many that the financial aid received by developing countries from developed Nations is a major form of assistance, however, other school of thought have been able to counter this opinion stating that other forms of assistance supersedes that of monetary gains, I am of the opinion that there is more to development than money hand-out.
Firstly, the help received by these underdeveloped countries are not usually accounted for resultantly, used for what it was intended. Most of the funds have been known to be embezzled by their top leaders thus leaving the financed project unattended. In other words, monies meant for developmental projects are being channeled to other uses which will not yield the desired results.
For example, the ETFund (Educational Trust Fund) project which was given to Nigeria by UNICEF was misappropriated by the then leaders.
Adittionally, the elimination of poverty can only occur organically and any attempt to eradicate it with an otherwise method will only prove abortive. Several political scientists have analyzed the effects of top-down approach in solving the menace poverty, and they have discovered that the only lasting solution is a bottom-top approach which involves efforts such as, developmental projects- the construction of roads and bridges, opening their border to allow products from third-world countries-this in turn will improve the GDP (Gross Domestic Product) of these African Nations.
In conclusion, I am of the opinion that monetary aid from Advanced Nations to Poor Countries have proved to be ineffective over time. And as such, other forms of assistance like opening the border and allowing African products into their shores, awarding contracts that UNICEF is popular for and ensuring Foreign Direct Investments are better alternatives to financial aid.
It
is believed
by
many
that the financial aid received by
developing countries
from developed Nations is a major form of assistance,
however
,
other
school of
thought
have been able to counter this opinion stating that
other
forms of assistance supersedes that of monetary gains, I am of the opinion that there is more to development than money hand-out.
Firstly
, the
help
received by these underdeveloped countries are not
usually
accounted for
resultantly
,
used
for what it
was intended
. Most of the funds have
been known
to
be embezzled
by their top leaders
thus
leaving the financed
project
unattended. In
other
words, monies meant for developmental
projects
are
being channeled
to
other
uses
which will not yield the desired results.
For example
, the
ETFund
(Educational Trust Fund)
project
which was
given
to Nigeria by UNICEF
was misappropriated
by the then leaders.
Adittionally
, the elimination of poverty can
only
occur
organically
and any attempt to eradicate it with an
otherwise method
will
only
prove abortive. Several political scientists have analyzed the effects of top-down approach in solving the menace poverty, and they have discovered that the
only
lasting solution is a bottom-top approach which involves efforts such as, developmental
projects-
the construction of roads and bridges, opening their border to
allow
products from third-world countries-this in turn will
improve
the GDP (Gross Domestic Product) of these African Nations.
In conclusion
, I am of the opinion that monetary aid from Advanced Nations to Poor Countries have proved to be ineffective over time. And as such,
other
forms of assistance like opening the border and allowing African products into their shores, awarding contracts that UNICEF is popular for and ensuring Foreign Direct Investments are better alternatives to financial aid.
11Linking words, meeting the goal of 7 or more
9Repeated words, meeting the goal of 3 or fewer
3Mistakes