All posts tagged: international aid

Is international aid effective?

Although International aid rapidly increased from the 1980s onwards, its origins can be traced back to just after the Second World War, when the Marshall Plan (1947) was first introduced. A US initiative, comprising of $13 billion (around $130 billion today),the Marshall Plan aimed to improve Europe’s economic performance through boosting trade and the production of goods, and later was implemented in other parts of the developing world, due to its success in Europe, where GNP was at an all time high. This today has been the basis for all international aid, the aim of improving stability and increasing peace and prosperity in other nations to ensure security. However, international aid has sparked an ongoing debate with two antithetical positions towards it. On the one hand, many believe that foreign aid has led to more prosperous lives in LEDCs and has improve social welfare, whereas others disagree and believe it creates a dependency culture and creates a cycle of poverty. Thus, the issue of international aid has never been easy to resolve.

Weekly Parliament Roundup: 6th-12th September 2014

Weekly Parliament Roundup: 6th -12th September By Gloria Ganda 0.7% of national income to be given to foreign aid? MPs have backed a new law which commits to spending 0.7% of national income on foreign aid. This means that roughly £11bn per year will be given to international aid and development after the Tories have finally backed the Liberal Democrat bill which is also supported by Labour. The legislation was opposed by just seven Conservative MPs and both the Tories and the Liberals are one step ahead of fulfilling one of their manifesto promises to put the 0.7% measure into law. Despite the majority agreeing to the new legislation, the Tories primarily were hesitant towards the legislation as they thought it was unpopular with their grassroots in the difficult economic climate which we are in. However, it looks as though the Legislation could soon come to force. Polls tighten on Scottish Independence Referendum With the Scottish Independence Referendum only days away (18th September), the polls are illustrating that for now, it is too close to …