foreign_aid - Foreign Aid Why Foreign Aid? Many 3rd world...

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Foreign Aid
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Why Foreign Aid? Many 3 rd world countries & developing countries rely on foreign aid UN General Assembly 1970 22nations – Developmental Assistance Committee (DAC) Donor governments promised to spend 0.7% of Gross National Income on ODA Official Development Assistance – long-term development capital Poverty reduction
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US Foreign Aid ~1% of total federal budget is allotted for foreign aid ~1/2 of that is for foreign military aid 0.17% of the Gross Domestic Income is for foreign Aid 2 nd lowest compared to other nations However, highest in net dollar amounts
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US Foreign Aid cont’d Private contributions more than double that of the US government in dollars International giving by US foundations Charitable giving by US Businesses American NGOs Religious overseas ministries US Colleges scholarships to foreign students Personal remittances from US to developing countries Pros and Cons of private contributions?
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Does foreign aid accomplish its goal? Goal
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This note was uploaded on 09/08/2010 for the course NUFS 139 at San Jose State University .

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foreign_aid - Foreign Aid Why Foreign Aid? Many 3rd world...

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