Question

foreign aid is very needed to the countries of the third world why​

Answer 1

Foreign aid is a broad term. In a wide sense, it can be defined as “financial or technical help given by one country’s government to another country to assist social and economic development or to respond to a disaster in a receiving country.”

It is needed to the countries of Third World because -

1. It can be used as humanitarian aid.
2. It can help LDCs fight against diseases such as HIV/AIDS.
3. It helps with economic growth in LDCs.
4. It can help with market expansion.
5. It helps with basic infrastructure in LDCs.
6. It helps promote improvements in agriculture.
7. It can help with poverty relief.
8. It helps LDCs grow and become more independent. By providing aid to promote health, education, and infrastructure, LDCs can focus more on growing their economies.
9. It promotes political ties. Aid can be used to establish and strengthen the connection between the donor and recipient countries.
10. It makes the world safer. Providing LDCs with aid and development reduces the threat of terrorist organizations by alleviating poverty in susceptible countries.

Note - LDCs is less developed Countries