Ethical Issues in the Third World Development. Why do developed countries give foreign aid?

The first 200 words of this essay...

Jon Schneider

Professor A. Dewan

Ethical Issues in the Third World Development

23 March 2012

Short Assignment #2:

Questions on Chapters 8, 9, 11, 12

1. What is foreign aid? Why do developed countries give foreign aid? (Chapter 8)

Foreign aid is defined as a form of assistance provided by the rich, developed nations to the poor, underdeveloped countries. Different forms of aid are educational, agricultural, technical, scientific and financial assistance. Aid can be given from government to government, otherwise known as bilateral aid. The other form of aid is given from governments through organizations such as the World Bank, otherwise known as multilateral aid. In order for foreign aid to be classified as official development assistance (ODA), it must be given with the purpose of improving economic or social well-being in developing countries.

Donors provide development assistance for multiple reasons. One reason may simply be an interest to help the less fortunate, based on religious beliefs or solidarity. Another major reason is to pursue foreign policy objectives, such as diplomatic, commercial and security interests. Aid programs are also known to raise the status of the donor internationally and provide