Did you know that social media and technology are not the only things that are affected by globalization? Globalization also affects one of the most important aspect in our daily lives, which is economy, starting from trading each other until the important transactions between government officials. This essay is going to discuss the meaning of globalization from many experts' points of view, currency's history and the effects on a dilemma called "the trilemma", and the connection between financial globalization nowadays with the unstable flowing rates for the currencies in each country. 

FUTURE BEAUTY BLOGGERS & THE BEAST

Benedictus Dewantara Yoga / 16118076

Anthea Jessica Himawan H. / 16118078

Carola Giovanni Danira Mayorga / 16118090

Bella Valeria / 16118092

Cynthia Gunawan / 16118100

Cherolyn Ajipratiwi Putri / 16118110

"Some critics were delivered in discussing “foreign aid is a big waste” for both donor and recipient country. Aid seems impact less, ineffective, inefficient, and several cases of corruption made most of worldly citizen agree to cut the overseas aid. In this essay, we want to explain and tell reader more about the truth of worldwide aid and the amount of it. The fact of its impact and successful in improving people’s lives broadly, also some suggestions may change our mindset about the foreign aid.

Since 14 years ago, Bill Gates and his wife, Melinda, started the aid foundation named The Global Fund, and luckily got many chance to get in touch with people and see the impact directly in country that has helped by this foreign aid. What they see over the times and they share lot of the truth of worldwide aid is it helps people getting healthier, people living longer, as the tools to fight for diseases, and helps the poor countries to escape their poverty by gaining the economic progress. Worldly citizens may think that foreign aid and government aid are large part of wealthy countries’ budgeting. In fact, the most generous country, Norway, only delivers the government aid less than 3 percent every year. Meanwhile, United States shares less than 1 percent equals to $30 billion a year for foreign aid. We can surely say that it is only small amount of money for rich country but the impact of their aid is spreading internationally. In other side, people may hear several cases of the aid corruption and think aid gets wasted. They are small-cases and we should reduce them then punish people for tracking the small amount that gets misused, but not cutting or even agree to stop the foreign aid.

Bill Gates added that foreign aid is improving health, agriculture, and infrastructure in poor country. For example, successful stories of health aid are the vaccination campaign gradually eliminated measles in southern Africa, continue program to control TBC in China and the disease has drop 40 percent during a decade, a successful regional program to cut polio in Latin America, also cut the epidemic of smallpox worldwide, and the aid program has saved 3.3 million lives against malaria in Cambodia. Moreover, the aid goes to build the schools, roads, and irrigations. By saving lives of young people and developing infrastructure, they will do more than merely survive, but over time they will make their countries grow independently. In addition, the benefit is not only going to poor countries, but wealth countries can build up their aspect in social and agriculture, also broaden their economics network. 

In conclusion, instead of debating the aid, we should spend our time more to focus on delivering aid better, controlling in recipient countries directly, and governments also have to set the right policies. We will be quite optimistic over the times that foreign aid will help more people’s lives broadly and this vision is reflected in next round of United Nations’ Millenium Development Goals."

MIND MAP :

If the world is united and willing to collaborate, foreign aid actually gives a lot of positive purposes and impacts to many life’s aspects. Foreign aid should be able to save and improve lives effectively. At the same time, it should also help countries to develop independently. With the help of foreign aid, infant mortality rate and infectious disease rates are decreasing. The proof is on William Easterly’s book, one of the best-known aid critics, that showed many highlights about the contribution of foreign aid around the world, and one of them includes the fact that there are only 3 countries left in this world that haven’t been free from Polio through the IT assistance. 

Unfortunately, many people have the perception that foreign aid is a waste because it holds back economic growth and causes aid dependency. But it is not. In reality, many countries were initially helped by foreign aid and now they can develop themselves, and even provide assistance for other countries. South Korea, for example, who received enormous amount of aid after the Korean War, is now a developed country that gives aid to another developing country such as Ethiopia. Foreign aid is also really helpful in terms of ‘Global Public Goods’ where many agricultural resources are growing to become better and better. It can even save people’s lives, which actually have long-term impacts for the country, because more and more people become productive as a result of goods consumptions.

Perhaps it is true that foreign aid is not working optimally. This inefficiency is not caused by the system, it is because of the people around it. One of the most common stories of aid is that some of it gets wasted on corruption. But just because there are small-scale corruptions from taxes or contractors, like in Cambodia for example, doesn’t mean that the whole program needs to be closed. The corruption has to be reduced, but it is not an appropriate reason to stop saving lives. The foreign aid program, especially in health and agriculture, have given a lot of positive outcomes that value much more than the dollars spent.

Based on the outcome so far, we can say that overall, foreign aid has changed people’s lives for the better. It might has some flaws and drawbacks, but it is definitely not a waste. With innovations, educations, technologies, and hard work, foreign aid will work better in the future and give more positive impacts to the world.

Mind Map