Foreign Aid

The world history clearly addressed that there has been always mutual assistance between groups or nations since early human civilization. With the changes in period of time, today those mutual assistance is denoted by the name foreign aid. Foreign aid has been a reliable success of income for the developing the country. But the foreign aid has created the dependency upon the receiving nation. Due to the foreign aid receiving nation neglect in collection of tax from it's people, hesitate in developmental works and the nation too loss the sovereignty. Overall, foreign aid promotes donors as a foreign masters to rule the nation and long term disturbance in development which has not only created dependency but also increase the dependency of receiving nation on various area such as finance, politics, developmental works, military training and management. However, foreign aid is the most reliable source of income for developing country. Poor countries are withstands in their economy only due to the foreign aid. Foreign aid maintain the financial stability of the developing country. Moreover, foreign aid helps in the development of infrastructure of country, maintains diplomatic relation between countries and open the gate of business and trade.