Advantages and disadvantages to a developing nation of receiving economic aid from other nations.
The spirit of giving aid is magnanimous; it blesses the nation that gives and the nation that receives. An aid cannot be equated to alms giving nor it is a doling of charity. An aid assumes that the receiver can be sustained at the right time. It also assumes an equality sharing of the products not in the economic sense but in a social and altruistic sense.
After the World War II, the USA found the wisdom of helping under-developed nations and those that were battered by the war. By virtue of her position, the USA could help. Of course willingness was there and Marshall Plan under which the USA helped the European nations has become a classic example. The USA had a surplus of many goods which she could easily part with. This, of course, had an economic advantage for her for otherwise she would have to face a glut of goods leading on to recession.
This is an example only to show how economic aid had become a necessity in the modem world. There are nations which have had an advance start and so their economy has been sound. But there are many nations of the world who have to start almost from scratch. If these nations were allowed to starve by the most favored nations, the former may turn to ideologies other that democratic...
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