US Foreign Aid: Current Status, Organizations, Advantages, and Disadvantages
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The assignment content discusses USA's foreign aid, including its categories, current status, and organizations involved. The paper highlights the advantages of US foreign aid, such as fostering diplomatic relationships and combating issues like poverty, drugs, and HIV/AIDS, but also notes disadvantages like corruption and debt.
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Running head: USA'S FOREIGN AID usa’s foreign aid
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1 USA'S FOREIGN AID Table of Contents Introduction......................................................................................................................................2 Research Objective......................................................................................................................2 Literature Review............................................................................................................................3 Current Status of US foreign Aid.................................................................................................3 Private and Official Organization for US Foreign Aid................................................................4 Advantages and Disadvantages of US’s Foreign Aid..................................................................5 Methodology and Data Collection...................................................................................................5 Recommendations and Conclusion..................................................................................................5
2 USA'S FOREIGN AID Introduction Foreign Aid comprise of goods, services such as training and money which the formal governmental agencies give to other nations. Foreign aid come sunder two major categories: military or security assistance and economic assistance. Economic assistance consist of all the programs which have humanitarian or development objectives (Sharp, et al., 2015). It intends to involve projects that are related to agriculture, promotion of the civil society, disaster relief and health etc. many dollars from economic aid come from budget of State Department which includes expenses allocated by the USAID. As per data gathered from Nonprofit and security assistance, top receivers of economic assistance of US in 2015 were Tanzania, Nigeria, Ethiopia, Kenya and Afghanistan. Research Objective In this research paper, the foreign aid of USA and the current status regarding Military, Heath care and Educational Support are also discussed. Furthermore, the advantages and disadvantages of USA’s Foreign Aid are also discussed.
3 USA'S FOREIGN AID Literature Review Current Status of US foreign Aid Only 1 percent of the federal budget is given to foreign assistance. Approximately 42 billion is devoted by Department of state and defense and few other agencies (Lebovic, et al, 2014). The deals with Israel come directly from State Department. The U.S. government in this case, is significantly financing the military purchases of Israel. Development and Economic assistance is provided through budget of State Department which includes budgets for United States Agency for the International Development and Peace Corps, funds that are geared for specific goals like preventing spread of AIDS/HIV, bilateral packages for economic assistance and reserve funds for the disaster relief.
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4 USA'S FOREIGN AID Private and Official Organization for US Foreign Aid Private and Official Organization like Federal agencies implement the programs for foreign assistance who use the funds that are appropriated or transferred to them through other agency. Federal agencies may implement foreign assistance programs using funds appropriated directly to them or funds transferred to them from another agency. Agency of United State for International Development: USAID implements directly the accounts for Transition Initiatives, assistance for International Disaster and development assistance along with USAID portion of Global Health Account (Milner, et al., 2013). Department of Defense of USA: In FY2013, the defense Department implemented approximately $8.25 billion for foreign assistance programs. Department of states of US: Department of states implemented approximately $5.39 billion for funding for foreign assistance in FY2013, although it had policy authority on much higher range of funds of assistance. Department of Human and Health Services in US: the national health institute conduct an international research in health as in FY 2013, this institution applied $3.08 billion for activities of foreign assistance. Department of Treasury: For the FY2013, Treasury Department accomplished foreign assistance that was valued at approximately $2.67 billion. CorporationofMillenniumChallenge:MillenniumChallengeCorporationisUSGovernment Organization which is headed by CEO who reports to directorial board which is presided by State secretary. MCC donated approximately $1.12 billion in the FY 2013. The MCC is a U.S. government corporation, headed by a chief executive officer who reports to a board of directors presided by the Secretary of State. The Corporation maintains a relatively small staff of about 300. The MCC obligated about $1.12 billion in FY2013
5 USA'S FOREIGN AID Advantages and Disadvantages of US’s Foreign Aid Pros of US Foreign Aid Foreign aid can help to ease out the situation of poverty in USA By providing help to USA, many diplomatic relationship can be fostered USA can easily fight its problem like drugs and AIDS/HIV because of Foreign Aid (Wolf, et al., 2015). Cons of US Foreign Aid Many corrupt officials are present in USA who may not let the money go for real assistance. Providing financial aids such as loans leave the poor nations like US in poverty and debt. Foreign aid consist of 20 percent of money of people of America thus making it wasteful. Methodology and Data Collection Qualitative Method of Data collection is used for this paper to summarize and generalize the outcomes form this study. For this research paper, the secondary source of data were used like journals, articles, magazines and newspaper and internet sources. Recommendations and Conclusion Providing financial aid to United States promises various advantages. However, the critics state that there are many loopholes involved in the system. Thus, the best way for addressing this is to make sure that assistance is provided with structural design to correct recipient and receiver and also that proper maintenance and implementation is there with high focus over corruption.
6 USA'S FOREIGN AID REFERENCES Lebovic, J. H. (2014). The Millennium Challenge Corporation: Organizational Constraints on US Foreign Aid, 2004–11.World Development,58, 116-129. Milner, H. V., & Tingley, D. (2013). The choice for multilateralism: Foreign aid and American foreign policy.The Review of International Organizations,8(3), 313-341. Sharp, J. M. (2015). US Foreign Aid to Israel.Current Politics and Economics of the Middle East,6(3), 445. Wolf, C. (2015).Foreign aid: theory and practice in southern Asia. Princeton University Press.