1. Foreign and Economic Development
Not only will microcredit help local business grow but will also launch local hidden saving boosting investments into local sectors and FDI, the impact of which will be significantly greater than aid grants (Moyo 2009). Lack of Credible Threats and Accountability Opponents of Foreign Aid like Andrew Mwenda, a native of Africa, having seen the ill effects of Aid, argues the lack of threats and accountability as the principal reason for the failure of aid (Mwenda 2006). ... Maija Halonen (2004) exposes the coordination failure amongst aid programs conducted by the donors. "Due to the donors ha...
- Word Count: 1966
- Approx Pages: 8
- Grade Level: Undergraduate