The last pillar of my undergrad career...groundwork on

Some critics question the nature of World Bank and IMF policy believing they fail to create economic growth and have only worsened poverty and dependence. There are many reasons for the failure of foreign aid.

First, foreign aid has a widespread record of waste, fraud, and abuse. U.S. aid programs have built tennis courts in Rwanda, sent sewing machines to areas without electricity, and constructed hospitals in cities where a dozen similar facilities already sat half empty.

Frequently, the aid is stolen by corrupt foreign leaders. The Agency for International Development admitted in 1993 that "much of the investment financed by AID between 1960 and 1980 has disappeared without a trace."

Instead of focusing on why foreign policy has not work in the past [corruption, abuse], I am more interested in investigating latent effects of foreign aid. My goal in this project is to dismiss the myth of foreign aid by pointing out clear and undisputable evidence, that foreign aid filtered through and administered by public, private, governmental and non-governmental entities does not improve the overall economic welfare of nations in need, and in fact, contributes to the underdevelopment issue by making nations “aid-dependent”, and by undermining the incentive for responsibility and self-sustainability.