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Improving US Foreign Aid: How We Can Improve the Lives of the Impoverished and Our Own Economy

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BENEFITING: BORGEN PROJECT

Kunyu Fang

THE STORY:

The US Foreign Aid Spending is roughly 0.2% of our gross national income. We are nearly 20th in the amount of foreign aid spending relative to gross national income. Many of our allies, including the UK, Denmark, France, Canada, and Germany, all rank higher.

Foreign aid has also been shown to be very effective both as a way of engendering good will, and as a way of investing in other countries for the future. Taiwan, Singapore, and South Korea were considered by some to be nearly hopeless cases in the 1960s, and yet our assistance for their economies combined with government reform has turned them into some of the biggest importers of US goods and products.

Many US military officials and politicians are also supportive of foreign aid. Destabilized and impoverished regions are breeding spots for anger, fear, and violence. These not only affect the global economy negatively, but can also cause violence that can spread to our soil. By investing in foreign investment, we are securing our economy and our safety, in addition to helping the people living in impoverished areas to raise themselves up.

With these benefits and more, we must fight to secure and increase the US Foreign Aid budget from those who would have it be cut. The Borgen Project is an organization dedicated to gathering support in Congress for these measures to improve US foreign aid. We could use your support, however. Any amount that you are willing to give would be of great use to getting vital measures passed that would improve the situation on the ground in regions that could be powerful additions to the global economy in the future, provided they get the support they need.

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