Title: Influence and Role of Foreign Aid and Trade in Philippine Development

Thesis Statement: The analysis of the implications of foreign aid and trade in the development of the Philippine nation and state can contribute to the improvement of the policy-making processes.

ABSTRACT

Underdeveloped nations or Third World countries like the Philippines have depended on foreign aid and trade for such a long time that up to now it is still an issue discussed globally. Foreign aid is discussed and argued over continually as it clearly gives the distinction among rich and poor nations and how their relations with another affect the costs and benefits of their interactions. This is a significant issue internationally as it also contributes to the development and lessening of poverty around the world.

This research tends to study how trade and aid relations affect the policies for the development of Third World countries, specifically the Philippines. It will discuss the motives or interests of industrialized nations and show that the so-called Official Development Assistance (ODA) has certain flaws in it which becomes the underlying reason as to why underdeveloped nations are in such a snail-paced socioeconomic growth. Lastly, this research will also discuss how foreign aid and trade can affect the policy-making processes of the Philippines.