Developed countries are often provided financial support to the poor and developing countries of Asia and Africa so that these countries can advance developmental activities and join the mainstream of the world like other countries. But due to some inherent reasons, this financial help could not be proved effective.
Issues related to ethics inherent in economic aid of developed countries:
There are some vested interests in the financial support provided by developed countries.
For example, the developed countries want to establish their dominance in the country's internal and foreign policy. At the same time, the policies of that country, conforming to their interests, want to establish their control over the available markets and potholes.
Why is the help of developed countries not proven effective?
Due to the lack of transparency, the financial help offered by the developed countries does not reach the slack.
Inspired by selfishness, the developed countries provide financial help to please the politicians of the respective country. They have no special relation with the interests of the common masses.
For example, recently the United States said that all countries receiving assistance from them would vote for Israel in the United Nations.
The economic aid of developed countries is accessible only to rich people. Because of corruption, it does not reach the poor, so injustice is done to them.
How can the proper use of financial help of developed countries be done?
Financial help to be provided should be monitored by any independent body.
This financial help should be used to strengthen the infrastructure, provide jobs and to do productive activities.
At the same time, financial help given should be audited from time to time.
Conclusion:
It can be said that the help given by the developed countries to the poor and developing countries is vested interests. Effective use of this financial help can be ensured through the above steps.
