Posted by EngineeringProfit > 2020-06-07 10:31 | Report Abuse

Economic growth is necessary for democracy to thrive. There is no prospects in an aid-dependent economy. Aid is one of the biggest ideas in challenging time and so it takes courage to second-guess the big institutions, governments, charity bodies and philanthropists who support the aid paradigm. It does not need aid, which is like a drug - pushers and addicts will never able to forgo the habit. But, however much you give, aid would get diverted into unintended areas, distort local markets, adversely affect local businesses who are in a vulnerable stage of growth, reduce the incentive to save and plan for rainy days, stop the hard work of building competitive institutions and cutting-edge industries and ultimately jeopardize export in the long-term. And these cause a spiraling down phenomenon/vicious cycle.