Thus thesis is backed by scholars like Mosley et al (1987) who argued that the theoretical case for foreign aid rest on the presumption that the aid could fill the shortage of international capital in developing countries. ... The absence of foreign aid in many developing countries has proved catastrophic with many economies being put into reverse gear. ... Lohan (2004) argued that foreign aid discourages domestic saving in developing countries and is simply directed to consumption instead of investments. ... Mercieca (2010) also supports the school of thought that aid retards economic growth ...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

Excessive external debt is often responsible for the stagnation of economic growth given that the uncertainty it creates discourages the private sector from investing in the economy for fear about the stability of the government, and it also discourages public investment and reforms given that policy makers are aware that any benefits would be likely to be transferred abroad in the form of debt servicing. ... Evidence of this can be found in the case of the Democratic Republic of Congo under President Mobutu, who while he was in power gave foreign companies access to Zaire's vast natural wea...

• Word Count: 2437
• Approx Pages: 10
• Grade Level: Graduate

Some Canadian citizens argue that globalization is a positive development because it will give rise to new industries and more jobs in developing countries. Others say globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do. Another viewpoint is that developed countries, such as Canada, are the ones who may lose out because they are involved in outsourcing many of the manufacturing jobs that used to be done by their own citizens. Thus, it is essential when we examine these arguments that we evaluate the impacts of...

• Word Count: 1932
• Approx Pages: 8
• Has Bibliography
• Grade Level: Graduate