Essay on - How we can minimise our dependence on other countries
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Dependency on foreign aid can also play a significant role in shaping the economy and politics of the recipient country. ... A country that obtains loans from the World Bank, for example, must agree to adjust its economic structure, liberalize its economy, and increase its international financial accountability.One country depends on another country for something and that country may depends on another country. This creates global interdependence. So, a nation has to purchase those that it lacks from one country or from a number of countries. For example, India purchases arms and ammunitions from both America and Israel.According to dependency theory, underdevelopment is mainly caused by the peripheral position of affected countries in the world economy. ... Underdeveloped countries end up purchasing the finished products at high prices, depleting the capital they might otherwise devote to upgrading their own productive capacity.Help them achieve democracy and promote better institutions (punish/abolish corruption).
Educate the population and have them not rely so much on the government.
Invest there and promote (the development of) technology.
Don't crush their economies by imposing impossible payments on loans/foreign debt.