Foreign Aids Created a Mass Chronic Dependency For Developing Countries.
Papua Niugini
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Over the Past Seven Decades Africans have received over a 1 Trillion Dollars. But does that amount developed the Continent of Africa? It did not lift Africa. In fact Africa is getting poorer. Aid hasn't done much. But what has AID done instead? It has created a mass chronic dependency. Its like you are feeding the animals so much that you are not allowing them to hunt for themselves and they do not know how to hunt. Africans have total forgotten to hunt for themselves. This same fact applies to every other third world nations, underdeveloped and developing nations. Foreign Aid is a cancer that is eating and sucking away the strength of the economy.
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The Prime Minister of Papua New Guinea Hon. James Marape announced his Cabinet line-up. Follow the link to view full list of Ministers and their portfolios.
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Papua New Guinea is undergoing total shit of stagflation. Citizens are silently enduring the effects of stagflation yet NO one to address it. We have the very big problem with unemployment rate, economy growth seems to be very slow and backwards yet prices of goods and services are sky rocketing. Our economy is growing backward yet prices of goods and services are going beyond citizens earning. Even unemployment rate is too high. READ MORE...
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Investigations Officer at Independent Consumer and Competition Commission
2 年Might I kindly interject. I totally disagree with your statement that "Africa is getting poorer". On the contrary most countries in Africa are getting richer. Most of them at a faster rate than PNG. Here is a supporting link: https://nasonga.com/africa-richest-countries/ Take Botswana, for example. Just like PNG rich with natural resources, Botswana is rich with diamonds. Their leaders used those diamond mines for the rapid development of Botswana. Take Rwanda, after their most deadly civil war in the 1990's, the found peace and used their natural resources for their rapid development. Rwanda is now one of the most politically stable nation in Africa, https://www.worldbank.org/en/country/rwanda/overview The idea that I am trying to bring across is, most countries in the world are now politically, socially and economically better of than they were 10-20 years ago.