The Trump administration has proposed significant cuts to the International Aid Budget in favor of increasing the military budget. The Trump administration has also made improving the American economy and creating US jobs a focal point of the administration. What most people do not understand is that supporting Foreign Aid and strengthening the US economy are not conflicting ideals. No, increasing foreign aid spending can directly improve the United States economy. This is how it can be done.
Foreign aid strengthens the United State's Economy
Besides helping those in need, foreign aid can truly loop around and help us back at home.
Why? Because it is dependent on US workers to keep it going strong, and the more workers we employ, the stronger the economy gets. When we give aid to impoverished people in a struggling country, we help give those people the necessities that they need.
Without worrying about necessities, the formerly poor can now focus on building themselves up to a middle class level. At a middle class level, people have the money to spend on luxuries they could not afford back when they were under the poverty line. These goods will be provided by US companies because the United States will have built up a rapport with the formerly poor as well as the countries they live in through its giving of foreign aid.
By building up the world's poor to a middle class level, companies can gain an international customer base who are eager and willing to buy new goods.
Foreign Aid is good business practice
As a business, much of one’s customer base lives outside of the United States. That means that one can market day and night to American customers, but will never reach full potential unless one markets outside of the United States and has a middle class population to market to.
In fact, foreign aid is really at the core of the US economic and business development policy.
After World War II, the United States invested $110 billion into foreign aid for war ravaged European countries like Germany, France, Austria, etc. Today, the United States exports about 240 billion dollars worth of goods to European nations annually, which is an astounding return on investment.
The world is becoming more global each and every day. If America is to continue to reign as a superpower, we have to embrace this ever expanding globalism, not fight it. That means helping out those under the poverty line irrespective of where they might be, because not only is it the right thing to do from a humanitarian perspective, but also because it is a good business practice.
