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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 4 Discission Bourd

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Q Third World economic development and the role of foreign aid are hotly debated topics, often without the benefit of actual statistics. Is the world better off today than 50 years ago? Why or why not? Your response must include relevant, accurate data.

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Former President of the United States Kennedy signed the Foreign Assistance Act, in the year 1961, intending to provide aid to the countries, that are underdeveloped or developing countries, these countries are commonly known as third world countries (Hazzard, 2017). This act formed the United States Agency for International Development or USAID. The goal of this Agency is not only to provide assistance or aid to the developing countries but also the global development in long term. Such development includes both social and economic development, but the primary purpose of U.S. foreign assistance is to help the developing or underdeveloped countries (Hazzard, 2017).