Third World Countries and the Foreign Scholarship Economy

The second precedence launched by means of the world within the program of authorities work priorities for the subsequent segment is to enhance country wide security and self-reliance, and the latter is the concern of actual financial query in mild of the contemporary scenario and the challenges that afflict the international financial system from all sides.

Self-reliance in the global financial system is an bold slogan advocated through all governments alike, and it was once a precedence for them in their media discourse and ministerial statements, not all of which had been free from the emphasis on self-reliance.

But the truth on the floor is that the global economic system cannot minimize its dependence on others, and that self-reliance is a slogan and nothing more, and the truth is that the world is increasing yr after year by means of relying on aid, and this is not ordinary to governments or even citizens, everybody is aware of the significance of resource And overseas grants in attaining financial balance and getting the economic system out of a darkish tunnel it would have fallen into had it now not been for the influx of foreign aid.

For information, the only variety that contradicts its estimates from the actual in the General Budget Law in a fantastic path is the variety of overseas aid, meaning if the government estimates the dimension of the supplies it will receive, the proper range obtained exceeds this wide variety and the real wide variety is recorded. Thus, every year, the aid comes greater than what is estimated.

Of course, the relationship of the Third World with donors is a very strong strategic relationship, a most important player in the region, and it is in the activity of the global donor to aid the international financial system in facing the challenges it suffers from as a end result of its location, and there are continually conferences and visits from donors to aid the world.

The extra reliance on external promises to finance the government’s growing expenditures, and this is normal, specifically when the budget deficit rises and the arrival of the estimated promises in the finances is late. The official media discourse that the motive for the exacerbation of the economic deficit and the government's want for internal procedures to confront the deficit comes due to the delay in the treasury's receipt of the promises estimated in the budget.

The modern-day economic situation and the extend of the third world’s dependence on self and lowering its dependence on exterior grants, this is a variety of madness, and this aid did no longer accompany the achievement of sustainable growth or even a partial therapy of the crazy boom of indebtedness, and improving the performance of public price range in financing the growing government expenditures, so governments resorted Even with the influx of overseas aid.

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