Is Bill Gates Correct in the view that foreign aid truly matters Essay

Is Bill Gates Correct in the view that foreign aid truly matters - Essay Example agencies value the life of a single American at more than a few million dollars).2 Gates blames the media for negative publicity on matters concerning foreign aid, he refers to one British newspaper that gave its readers the impression that foreign aid is just but a waste of resources. In one of their articles, it was written that more than half of British voters advocated for slashes in overseas aid money. He viewed this as a distortion of the actual truth of what goes on in countries that receive aid. As much as Gates knows that no program comes without its flaws, he has opted to look at the positive aspect of aid. He goes on to add that foreign aid is just but a tool in the fight against disease and poverty. Developed countries need to make certain changes in their policies like opening up their markets and cutting agronomic subsidisations. The developing countries also have a role to play in this, they need to allocate more money to health matters and progress for their own folks . In Gate’s view, it effectively saves and improves lives.4 ‘By 2035, there will be almost no poor countries left in the world.’ Bill Gates. Through his foundation, the Gates Foundation, they invent vaccines that help to improve the health of children and in turn lighten the burden on the countries’ healthcare and social system. Having healthier children apart from the life factor is beneficial in that it allows children to grow physically and mentally and they become productive adults in future. Gates and his wife Melinda, have opted to focus on agriculture and healthcare because these are the two fields that they have more of a hands on familiarity. These are also the two fields that lay a foundation for long-term economic evolution. The belief that foreign aid is a large portion of rich countries’ annual budget is a misguided notion. A substantial number of