Foreign aid is a dangerous drug that can stimulate in small doses but become fatally addictive in larger doses.

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
Discussion:
24 comments Page 1 of 3.

Dennis said:   1 decade ago
I believe that what is required is a right mix of foreign investment and nationalistic development which equally contributes to economic growth. We have seen that excessive dependence on FII investments has led to disproportionate changes in the stock market and unplugging of FII funds has led to dramatic decline in stocks and even the monetary value of the rupee.
FDI,which has a more long term nature is vital for reducing the burden of development of basic infrastructure and making the Indian market a competitive and positive growth oriented one.

Other sources of foreign aid include charitable donations from developed countries like u.k. and u.s.a.. But there have been incidents which show that these acts of 'charity', came with strings attached. U.K.'s charity aid was aimed at trying to influence India to buy their military fighter jets, but when India opted for the Rafael jets from France which were more technologically advanced, U.K. made a huge hue and cry about it. SO excessive dependence on these kinds of aid are dangerous to India.
Excessive dependents on outside market is always harmful as it exposes India to the unstable international market. SO dependence on foreign aid in small doses can stimulate India, but larger amounts can make us fatally addictive.
(52)

Sumit Mishra said:   1 decade ago
Basically I do agree as our friend that Foreign aid is a dangerous drug but for certain limit. Some for our friends has given example as Pakistan has taking various aid from country like US. And US has established full fledged military bases on its lands but we should not forget US established military base only killed the most wanted terrorist Osama Bin Laden last year.

Now if we come to India's prospective, I think India should allow FDI for certain extent which helps them to improve there market conditions. If retail companies like Walt mart, The Home Depot comes under Indian retail market this will give alots of opportunities to all unemployed people of our country & all companies need to purchaser from at-least 30% of there good from small scale retailer & all FDI companies need to purchaser product which are made in India. This doesn't mean developing country like US or other country wants to take advantage from under developing countries like India.
(3)

Anurag said:   1 decade ago
Basically these so called developed countries are notorious they want to control the other nations in some or the other way and the developing countries are always fund hungry so the FDI is just another way or another name for colonization.

Take example of Pakistan the US has established full fledged military bases on its lands and run a parallel system like intelligence and influence the government running there. The only thing that is changed is that the US don't charge lagan from Pakistan they pay the lagan to Pakistan to enslave it.

The situation is quite evident from the fact that Pakistan keeps quiet even when US carries out a full fledge military operation on its lands without its permission isn't it a kind of slavery?
(15)

Sandeep said:   1 decade ago
In my opinion, foreign aids is in some aspects, are necessary for the economic growth of the country. No under developing country can sustain without depending the developed countries. Foreign aid must be utilized with wisdom so that we are not getting trapped into a situation like that of Pakistan. India has taken foreign aids many times and now we are capable of providing the same to many other countries. So, the wise use of foreign aid is needed. We've to understand all of the risks which my friends here have mentioned and should act accordingly.

However one cannot get addicted to a drug without the consent of his mind. If his mind is strong enough to say NO to it, it'll be no for ever and will give the good results. :-).
(7)

Poonam said:   1 decade ago
Hi Friends, I would like to share my views on this endless topic. According to me India is a developing country. For their growth they always need help from other country. Everything in small quantity or in limited quantity is not dangerous but addiction of anything is really harmful. E. G. If we get sick doctor gave us medicine to recover soon but if we take medicine on regular basis means digestion, sleeping etc. We will addict of that which is really dangerous for health. Similarly we have seen that some outer countries completely dependent on other country. In that case country rural on other country. So Foreign aid little bit is good but addiction is really harmful in my view.
(35)

Satyam said:   9 years ago
Yes I agree with the point. Although foreign aid is a big help when a country is in need but any country should not be dependent on the aid only rather they should try to face the situation and seek for a good solution.

If I talk about a recent disaster which was happened in kedarnath few months back, the government received huge amount from donations as well as foreign aids. Now what? did we try to sort out the real problem and find any solution for handling this kinda situation in future? I we were self dependent, advanced and prepared we wouldn't have needed any aid.

Aid is temporary and doesn't give any solution.
(22)

Abdul Qadir said:   1 decade ago
It is said, if you want to be successful, do not compromise the circumstances but face the dark days until you get rid of it. There fore it is right to get aid from developed countries when developing countries are facing economical, social, political, educational problems etc. It should also be noted, the amount must be utilized at right place and time, otherwise the problems would be, bit by bit, increased instead of decreasing. And never forget, the obtained assistance would be returned so keep every aspect in mind while using resources and do not allow others to interfere.
(8)

Rev. Canon Nkambo Mugerwa Eriab said:   10 years ago
I think Foreign aid would help developing countries to reach another step on the development ladder. The only outstanding problem is corruption which is killing the spirit of donations and loans. The government officials who receive these funds just use them for their own benefit. The poor people on the ground do not receive the intended services. This renders foreign aid useless. But, if used for the very purpose of receipt, Foreign Aid is necessary and can help developing countries grow from strength to strength.
(14)

Sahil said:   1 decade ago
FDI is a dangerous drug and the countries taking this will one day regret for this, yeah sometimes a nation might be in real need but they should not make a habit of it. FOR EXAMPLE pakistan is taking aid for various activities from you. S, but they have forgotten that you. S is slowly taking control them and slowly they will turn into passive slaves of them. We must understand that today no one is that foolish to give huge money and don't think of getting something in return, especially the developed countries.
(14)

RAJIV.HS from MYSORE.(MaHARSHI) said:   1 decade ago
Foreign aid is dangerous drug. In the beginig it is in the form of help to the under-country and next but after slowly it takes it contoll after that the country become addictive to forien aid. "THEY DONT WANT SELF SUFFECIENCY".

EXAMPLE:The US help to pakistan now pakistan keep quite if us take fully fledge his miltary operation on its land.

Simple example:If you take a drunker he start drinking weakly once after a month he drink daily because he addictive to that like wise foriegn aid.
(23)


Post your thoughts here:

Your comments will be displayed after verification.