Step-by-step explanation:
We simply define foreign aid as the process international transfer of money,goods or any other services for their beneficial.
I like it somehow beacause of following reasons;
- It contributes to make good relationship among the countries.
- It keeps the feelings of universal brotherhood which binds all the people of the world together.
- Foreign aid helps to keep peace and prosperity throughout the world.
- It makes the foreign trade good. It don't let the dispute amiong country in name of trade.
- Developing countries will be helped by developed countries.
- It truely increases the GNP of a country.
- It uplifts the living standard of people by earning foreign currency.
- It helps in providing security to the countries like very backwarded countries and terrorism occupied country.
But it may have negative effects also.
I know this much only about it...
Hope it helps..