Aid is abused by both donors and recipients. Nothing should be counted Essay

Aid is abused by both donors and recipients. Nothing should be counted as Official Development Assistance until it has been proved to reduce poverty. Discuss - Essay Example with these aid in such a manner that the positive impact of the aid in the recipient countries is nullified, the very essence of the institutional structures, policies and corruption in the recipient countries even make worse the situation by aggravating the ineffectiveness of the aid received. This has resulted to disappointing results over that past where actually the aim of development or poverty reduction were only recognized in a few countries that had favourable conditions to work with (Pettersson, 2007). Schabbel (2007:2) in his analysis of foreign and poverty reduction notes that World Bank statistics shows that though the number of poor people in extreme poverty has reduced from 40.4% in 1981 to 21.1% in 2001, most of this reduction was traced from China. Excluding China from the analysis showed that in actuality extreme poverty rose. For instance in sub Saharan Africa, poverty rose from 41.6% in 1981 to 46.4% in 2001. And this has been the trend over the past in such a mann er that it attracted global debate in effectiveness of such aid and necessitated a number of agreements, one in 2005 and the other in 2008 to help in achieving higher effectiveness. Indeed the effectiveness of aid, has been high on political agendas with a several agreements on how to make aid being more effective adopted by various governments both donors and recipients: that is the Accra Agenda for Action of 2008 and the Paris declaration of 2005 which provide commitments and principles for ensuring that ODA provided are effective and efficient in meeting their objectives (OECD Observer, 2007; OECD, 2008:1). The Reality of Aid Report (2010:9) though note that the manner in which these agreements are implemented is too technical to actually transform the manner in which aid is governed to actually make it more effective and relevant to the poor for whom it is aimed. It shows that the agreements have not changed the reality of aid relationships since what is actually practised are

Entrepreneurship Essay Example | Topics and Well Written Essays - 2000 words - 1

Entrepreneurship - Essay Example Capable entrepreneurs try to learn in order to find, select, elaborate and communicate the necessity of several effective new opportunities that can create a successful business venture. Successful entrepreneurs generally describe the precious contribution of a new venture and propose a design of business model which can be prolonged by several potential competitive advantages. After the development of business model, the venture team develops a strategy or road map. This developed road map or strategy will help to commercialize the new developed products or services in the potential and competitive market place with a combination of several sustained and stabilized competitive advantages (Byers, Dorf and Nelson, 2012). Entrepreneurs play an important role in the economic development of a country. Entrepreneurs are key contributors to the new job growth and technological innovation. This essay will critically analyze the statement of Kalpan, JM and Warren. Literature Review & Critica l Analysis Entrepreneurship is an important economic growth driver of a country. ... According to several common myths, it can be stated that the entrepreneurs start their business with break-through invention and take uncalculated risks in order to accomplish business goals. According to Allen (2011), entrepreneurs should have effective and detailed business plan with broad research findings. Moreover, the entrepreneurs need to have sufficient financial resources and years of work experience (Allen, 2011, p.56). Taking uncalculated risk is the major objective of a successful entrepreneur while starting a new venture. According to Sahay (2009), there are several important driving forces that create potential opportunity for the new venture (Sahay, 2009, p.121). Securing sufficient capital is an important driving force. In the early stage of business development, the entrepreneurs need to secure business capital. They can think about several options like direct investment or investment through venture capitalist. In terms of investment through venture capitalist, the entrepreneurs should design an effective business plan that can attract the venture capitalists. Reformed securities regulation is another major driving force. It helps the entrepreneurs to find business capital for their new venture. Creating entrepreneurial networks and industry clusters can help the entrepreneurs to develop business contacts. Through this process the entrepreneurs can fill specific industry niches within the networks and clusters. This process is highly beneficial to entrepreneurs and economic development strategies. The entrepreneurs should take important management and financial guidance from several professional small business assistance entities as these lessons are effective for a new