The Impacts of Foreign Aid on Developing Nations

These flashcards cover key concepts related to the impact and implications of foreign aid on developing countries.

Foreign Aid

Financial assistance given by developed nations to support the economic development of underdeveloped nations.

Dependency

A state in which a country relies on external help, potentially hindering its economic development.

Double-edged sword

A situation or argument that has both positive and negative consequences.

Adverse Effects

Negative impacts or outcomes that result from a particular action or policy.

Remittances

Money sent back home by individuals working abroad, which can contribute to domestic investment and economic growth.

Sustainability

The ability to maintain an action or process over the long term without depleting resources.

Domestic Investment

Investment made within a country's own economy, aimed at boosting production and consumption.