Can aid to africa lead to US economy recession?
If we send more money to africa to help with public health care, then how will that effect our economy? What state is our economy in right now. are we close to recession? Links are more helpful than anything else, but opinions are Great too!
P.S.
all debators, please help with any disad cases and the new 2007/2008 CX topic.
Answer:
Instead of sending jobs to China, who is not supportive of anything that the United States does and doesnt' want to review its currency you could train some African people and send jobs to those countries.
Sending a lot of money abroad would slightly weaken the dollar on foreign exchange markets. This might increase inflation, and if so, the Federal Reserve might increase interest rates. However, this should not clause a recession because the rise in interest rates would be compensated for by an increase in exports and fall in imports due to the weaker currency, increasing growth.
The US and most other economically well-off countries do not spend that much in aid to begin with.
And no, a small amount of GDP such as 0.7 percent will not lead to recession. Spending billions in ill-founded wars might.
The UN set as a goal for developed countries to give 7/10ths of one percent of their GDP towards aid to less developed nations. The USA agreed to this 'millenium development goal' as did many other rich nations. This was back in 1992.
To date only 5 of the industrialized western nations have met that pledge. The USA only managed to give 1/5 of one percent of their GDP. But they're not alone in being stingy.
Spending too little may help scum of the earth take advantage of the most impoverished who have nothing to lose. I'm amazed that we in the west can't find a way to help educate a child in a remote area of Pakistan who needs 5 dollars to attend school for the year... when we don't there are always fanatics who will school them in ways we won't like. Spending too little now might cost a lot more later.
The sites below are from the UN and a UK economic site.
Peace
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P.S.
all debators, please help with any disad cases and the new 2007/2008 CX topic.
Answer:
Instead of sending jobs to China, who is not supportive of anything that the United States does and doesnt' want to review its currency you could train some African people and send jobs to those countries.
Sending a lot of money abroad would slightly weaken the dollar on foreign exchange markets. This might increase inflation, and if so, the Federal Reserve might increase interest rates. However, this should not clause a recession because the rise in interest rates would be compensated for by an increase in exports and fall in imports due to the weaker currency, increasing growth.
The US and most other economically well-off countries do not spend that much in aid to begin with.
And no, a small amount of GDP such as 0.7 percent will not lead to recession. Spending billions in ill-founded wars might.
The UN set as a goal for developed countries to give 7/10ths of one percent of their GDP towards aid to less developed nations. The USA agreed to this 'millenium development goal' as did many other rich nations. This was back in 1992.
To date only 5 of the industrialized western nations have met that pledge. The USA only managed to give 1/5 of one percent of their GDP. But they're not alone in being stingy.
Spending too little may help scum of the earth take advantage of the most impoverished who have nothing to lose. I'm amazed that we in the west can't find a way to help educate a child in a remote area of Pakistan who needs 5 dollars to attend school for the year... when we don't there are always fanatics who will school them in ways we won't like. Spending too little now might cost a lot more later.
The sites below are from the UN and a UK economic site.
Peace
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