Topic > Foreign Aid is Used for Illegal Activities - 2115

Foreign aid is a type of financing that helps support many countries in great need. Other names for this term are foreign assistance, financial aid, and foreign aid. There are many ways a country can receive aid. One way would be for a country to give money to the recipient country. This is the most well-known form of aid, but other forms of aid can include tents, food, and weapons. When foreign aid is used for illegal activities, it doesn't just affect a country's economy. A country is not simply deprived of aid in a certain sector. The effect is much bigger and more powerful. Looking at it through the eyes of an economist, it becomes much clearer how illegal activities affect the economic growth of the entire world. Even though taking money for an illegal activity seems like a small thing, it comes with consequences, both positive and negative. “A stone thrown from one beach can become a tsunami on the other side of the world.” -ContinuumForeign aid: what is it? Foreign aid, also known as international and overseas aid, is a transfer of resources from one country to another. The main reasons for providing aid are to promote humanitarianism and altruism. Some reasons why a country may provide foreign aid are to strengthen a military ally, reward a country for a certain behavior, or even influence its culture on other foreign countries. One very good reason is that countries want to stop foreign illegal activity because they have been affected by it before or do not want to be affected in the future. Aid is generally provided by individuals, private organizations or governments. Surprisingly, foreign aid from America is usually donated by non-government-related organizations. A specific transfer that fits into… half of the document… 2012. Accessed December 2, 2013. Owusu, Francis Y. “Post-9/11 US Foreign Aid, the Millennium Challenge Bill, and Africa: How Much birds can kill a stone?" Africa Today 54, n. 1 (Fall 2007): 3-26. Accessed 8 December 2013.Paoli, Letizia. “The Price of Freedom: Illegal Drug Markets and Policies in Post-Soviet Russia.” Annals of the American Academy of Political and Social Sciences 582 (July 2002): 167-80. Accessed December 4, 2013. Sharma, Shalendra. “The Encouraging Truth About Foreign Aid.” Challenge 48, n.4 (July/August 2005): 11-25. Accessed December 8, 2013. Young, Joseph K., and Michael G. Findley. "Can peace be bought? Sector-level analysis of aid's influence on transnational terrorism." Public Choice 149, no. 3/4 (December 2011): 365-81. Accessed in December 7,2013.