Emerging markets will reflect the values, structures, and preferences of the partners who helped them grow—that can be the United States or our economic competitors. By expanding its aid, China is gaining momentum as a preferred development partner as the United States risks faltering. Cuts to U.S. contributions to multilateral development banks, for example, risk losing U.S. influence over setting priorities around the world, as well as its veto power.
Drastic cuts to the International Affairs Budget would devastate our ability to exert global leadership, reduce poverty, and promote good governance. By having an established presence in these countries, the United States has the potential to influence governments and populations toward more democratic systems and strengthen the population through health care, economic development, and education. U.S. foreign assistance strengthens its own economy as well by helping to open and strengthen emerging markets.
Especially in this time of political unrest around the world, it is in the United States’ best interest to remain the preferred development partner around the world.