US Aid to Developing Nations

be made if
             it would redound to the improvement of these countries, and this could
             happen only if the aid is linked to sound policies. A recipient nation's
             policy is sound if every $ of American aid would earn $2 of private capital
             (Inter-American Development Bank). If the nation's public policy is poor or
             unsound, aid would harm its people further rather than help.
             Moreover, the aid would be given only to developing countries that
             exhibit a corresponding strong commitment to good governance, fight against
             corruption, promotion of human rights, and respect for the law. American
             aid is intended to improve the health and education of the citizens of
             those selected developing nations (Inter-American Development Bank) so that
             they would become educated and fit agents of development in the future. It
             is meant to install and vitalize enterprise and entrepreneurship in the
             form of more open markets, sustainable budget policies and a truly strong
             support for development that would insure lasting growth and prosperity.
             The US State Department and the US Treasury use concrete, clear, strict and
             objective criteria in plotting and evaluating progress in every developing
             nation that receives American aid (Inter-American Development Bank).
             The rationale consists/consisted of the nearly doubling of the per
             capita income in these needy countries in the last two generations, during
             which more children had better chances of getting an education and living a
             brighter future. The Administration also noted that infant mortality was
             reduced into half in the poorest countries, which meant that more people
             survived. Other nations from India to Chile likewise found new fortunes and
             changed to new ways (Inter-American Development Bank) - encouraging signs
             of growth. But elsewhere and in entire regions, the situation and the
             statistics are alarming. Poverty is widespread and still spreading for
             bil...

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US Aid to Developing Nations. (2009, March 03). In MegaEssays.com. Retrieved 07:25, September 27, 2026, from https://www.megaessays.com/viewpaper/201522.html