Foreign aid in Africa: Help or exploitation?

    61
    246

    Research shows more money is leaving Africa than entering –  so is the West giving aid to Africa, or is Africa giving aid to the West? 

    Is foreign aid an illusion?

    New accusations have been fielded that the Commonwealth could be nothing more than an ironically named intergovernmental organisation designed to maintain Western hegemony of the globe. With the days of imperialism seemingly over, those with vested interests are ensuring developing countries remain just that by taking more money out of them than they are putting in.

    While the ongoing struggle between the European Union and Britain continues, with the inexplicable reproaching of immigrants, former colonial nations and most recently, the European Union per se, it appears several senior politicians are determined to continue blaming third parties for the shortfalls of British democracy, in the guise of socially enthused intervention.

    The most recent victims of this vulgar hubris are the recipients of foreign aid. Former colonies, previously subject to Western domination and the many forms of brutality which once accompanied being a ‘third world’ subject. But, is foreign aid just a deception designed to ensure the political and economic inferiority of former colonial countries?

    While poverty porn campaigns endure, ensuring the incredulous depiction of the African continent, among other alleged ‘impoverished’ regions, how is it continents so wealthy in natural resources continue to receive aid from nations which are dependent upon their exploitation? And are charities simplifying the causes of world poverty?

    The globalised economy, currency rate fluctuations and interest rate changes among other shortfalls of the global market, are partly responsible for the ongoing poverty experienced by much of the global south, as explained by Mallence Bart Williams. For example, 2,030 units of DR Congo’s currency the Congolese Franc, equals only one British Pound. Despite, DR Congo being one of the wealthiest countries in the world, in terms of natural resources.

    The crux of matter, which has abrogated the political and economic independence of developing countries is the neo-colonial economic policies to which they must abide. Nations such as Haiti, which achieved independence from France in 1804, has since had debts of 90 million gold francs imposed upon it by its former coloniser for the loss of French property. Generations of Haitians laboured to repay the debt up until 1947.

    Elsewhere, Jamaica continues to repay its debt to the IMF, much of which is from the interest accrued on the various loans it has acquiescently accepted since the 1970s, when its first loan agreement was signed by former Prime Minister Michael Manley. Initially, Jamaica intended to pursue an independent economic path. However, the oil crisis of the 1970s granted the IMF and World Bank the opportunity to impose large-scale structural adjustment policies on the country. According to the Guardian, Jamaica continues to spend 20 per cent of its government revenue on foreign debt repayments each year.

    A report by Global Financial Integrity found developing countries had lost $16.3trillion since 1980 through broad structural faults in the balance of payments, trade misinvoicing and recorded financial transfers. The richest country in the world, the US, has a GDP of $18.6trillion. Clearly, losing such a vast amount of capital has had calamitous consequences for the African continent.

    As well as the loss of capital through corporate deceit, the nexus between capital inflows and outflows is inversed, with more money leaving Africa than entering. A report released earlier this year, showed $203billion was extracted from the continent, while only $162billion entered.

    So, why the hypocrisy?

    It’s obvious. The luxurious lifestyles enjoyed by a privileged few is dependent upon the exploitation of the global south. Foreign aid is ostensible. Designed to give the impression the major economies of the world are assisting developing countries when in actuality, foreign aid is conjunctive in corruption. It’s a vindication. The resources to power aeroplanes, computers, mobile phones, engines and much more is extracted from foreign aid recipients, halting their nascence. As Mallence Bart-Williams explains, it’s not the West giving aid to Africa, it’s Africa giving aid to the West.

    61 COMMENTS

    1. Hey there! Someone in my Facebook group shared this site with us so I came to check it out. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Terrific blog and excellent style and design.

    2. Hi and thanks for the terrific posting! I seriously liked finding out about it.I will be sure to save this site and will return later on. I wish to suggest that you continue the good job, maybe think about kik for mac too, have a superb morning!

    3. My family and I definitely like your website and find many of the blog posts to be exactly I’m looking for. Would you offer other people to create content for you? I wouldn’t mind composing a piece of text relating to top medical malpractice attorneys or on a number of the topics you write about on this website. Cool page!

    4. You really make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I will try to get the hang of it!

    5. Thanks a lot for discussing this, I saved the website. I am also looking for info on upvc windows and doors, do you know the place where I could find a thing such as that? I will be back quickly!

    6. Its such as you learn my thoughts! You seem to grasp a lot approximately this, such as you wrote the e-book in it or something. I feel that you just could do with some to force the message home a bit, however instead of that, that is excellent blog. A fantastic read. I’ll certainly be back.

    7. I just arrived over here via another page related to Arvind Pandit and considered I may as well look at this. I like the things I see so now I am following you. Looking forward to checking out the website yet again.

    8. I definitely enjoy your site and find nearly all of the content to be precisely what I’m in need of. Would you offer people to create material for you? I wouldn’t mind publishing a piece of text relating to thailand lottery sure number or possibly on most of the things you’re writing about on this website. Nice site!

    9. You’re totally right. I really liked looking through this and I will come back for more as quickly as possible. My own site is about kik app download, you can have a look if you’re interested in that.

    10. Our LGV (Large Goods Vehicle) HGV training is based in East London, and our LGV/ HGV courses are taught by qualified DVSA LGV & HGV trainers. LGV was formerly known as HGV, where it used to be referred to as HGV Class 2 (now called LGV Category C) and HGV class 1 (Now called LGV Category C+E).

    11. Would you be interested in trading links or maybe guest authoring a blog article or vice-versa? My site discusses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Awesome blog by the way!

    12. Hi there, I’m really delighted I found this webpage, I actually found you by accident, while I was researching on Bing for personal injury. Anyhow I am here now and would really love to say cheers for a marvelous posting and the overall interesting site (I likewise like the theme), I don’t have time to go through it completely at the minute however I have saved it and even included the RSS feed, so whenever I have time I’ll be back to browse much more. Please do keep up the wonderful work.

    13. Heya, you’re definitely right. I frequently look over your posts closely. I’m furthermore considering pokemon go guide, perhaps you could write about this from time to time. I will be back soon!

    14. Hey, I’m truly grateful I came across this site, I basically found you by error, when I was browsing on Aol for ether for sale. Nonetheless I’m here now and would simply enjoy to say cheers for a wonderful blog post and the all round impressive site (I furthermore enjoy the theme/design), I do not have time to look over it all at the moment however I have saved it and moreover added in the RSS feeds, so when I have sufficient time I will be returning to read much more. Make sure you do maintain the amazing job.

    15. Thanks for this amazing content! I seriously liked learning about.I will make sure to save the site and definitely will return from now on. I want to encourage you to ultimately keep going with the nice writing, perhaps write about lawn mower deals as well, have a fine afternoon!

    16. You are absolutely right. I really liked reviewing this info and I will come back for more immediately. Our internet site is on canon printer support, you can have a look if you happen to be still interested in that.

    17. Admiring the time and energy you invested in this blog and detailed material you present. It’s awesome to come across a blogging site occasionally which isn’t the similar outdated re-written stuff. Great read! I’ve saved your site and I am adding your RSS feeds to my own bitcoin deposit webpage.

    18. Admiring the hard work you put into the website and in depth information you present. It really is good to find a website once in a while that is not the similar obsolete re-written stuff. Excellent read! I’ve bookmarked your blog and I am including your RSS feeds to our cool games site.

    19. Good day I am really happy I discovered this blog, I actually encountered you by mistake, while I was researching on Google for freight forwarding services. Nonetheless I’m here right now and would simply love to say kudos for a fantastic write-up and the all around entertaining website (I also adore the theme), I do not have sufficient time to read through it completely at the moment yet I have bookmarked it and even added your RSS feeds, so when I have plenty of time I’ll be back to go through a lot more. Please do keep up the superb job.

    20. You are completely right! I really enjoyed reading this info and I will certainly get back for more as quick as possible. Our site is on the subject of shipping terms, you can take a look if you are still interested in this.

    21. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own site now. Really the blogging is spreading its wings rapidly. Your write up is a good example of it.

    22. I was discussing with a buddy of mine regarding this and even regarding porcelain veneers as well. I do think you made a number of very good points here, we’re also looking forward to keep reading information from you.

    23. Hello I’m so glad I came across your site, I basically discovered you by mistake, while I was searching on Aol for free films to watch. Nonetheless I’m here right now and would simply enjoy to say many thanks for a tremendous article and the overall entertaining blog (I furthermore love the design), I don’t have sufficient time to read it entirely at the minute but I have saved it and also added in your RSS feed, so whenever I have time I will be returning to go through a lot more. Please do continue the wonderful work.

    24. I totally love your blog and find a lot of the content to be just what I am seeking. Do you offer guest writers to write articles for you? I would not mind publishing a post regarding free movie sites or on some of the topics you’re posting about on this site. Great website!

    25. I discovered your blog site on google and check some of your early posts. Continue to maintain up the very excellent operate. I just extra up your RSS feed to my MSN News Reader. Searching for forward to reading far more from you later on!

    26. Thank you for this excellent article! I actually liked it.I’ll be sure to save this website and will come back in the future. I want to encourage you to keep on with your great posts, perhaps write about Arvind Pandit also, have a fine evening!

    27. There are certainly amazing changes on the structure of your page, I certainly love it! My own is regarding how to watch free movies and generally there are plenty of stuff to do, I am still a newcomer in web design. Cheers!

    28. Throughout the awesome pattern of things you’ll secure a B- for hard work. Where you actually lost us was in your specifics. You know, as the maxim goes, the devil is in the details… And it could not be much more true here. Having said that, allow me inform you what exactly did work. Your text is certainly quite convincing which is most likely why I am taking an effort in order to opine. I do not really make it a regular habit of doing that. Second, despite the fact that I can see a jumps in logic you make, I am definitely not confident of just how you seem to connect your ideas which inturn produce your conclusion. For the moment I will yield to your issue however hope in the near future you link your dots better.

    29. I am really interested to learn what blog system you’re using? I am having several minor safety issues with my most recent website related to instagram likes app and I would love to find one thing much more safe. Have any alternatives?

    30. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike. http://www.pagetraffic.in

    31. Many thanks for discussing this, I bookmarked this page. I am additionally trying to find info on modem router, have you any idea where I might come across something such as this? I will be back in a little while!

    32. Thank you for this excellent article! I actually liked it.I’ll be sure to save this website and will come back in the future. I want to encourage you to keep on with your great posts, perhaps write about Arvind Pandit also, have a fine evening!

    33. You are certainly right and I definitely understand you. Whenever you want, we might also speak about ecojobs, something which intrigues me. Your website is brilliant, best wishes!

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here