Released: Filed Under: Stoa Policy
About "Foreign Aid - Good"
This is a generic brief that runs through several pros of foreign aid. For example: how aid is critical to preventing conflict, establishing U.S. global leadership, gaining soft power. It also has disadvantages of decreasing aid, including safe havens for terrorist groups, lives lost, and increased poverty.
This brief also refutes several criticisms to foreign aid. For example, it refutes the common assumption that the government spends 25-27% of its budget on foreign aid (the real figure is around 1%). It also refutes the assertion that slashing foreign aid would significantly reduce the federal deficit (foreign aid actually contributes to deficit reduction). It also tackles the myth that foreign aid creates dependency: actually, it’s a long-term investment in developing trading partners, and in fact, out of the U.S.’ top 20 trading partners, 18 were once major recipients of U.S. aid).
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