The report draws connections between the economic growth of developing country markets and the economic health of the U.S., noting, “U.S. exports accounted for nearly all U.S. economic growth in 2008.” While economic growth in developing countries is not solely the result of significant foreign assistance (as in India and China), the majority of today’s developing markets, “do not possess the resources to jump-start growth.”
Unable to attract significant private investments, such countries must “rely upon the official assistance that comes from donor governments” to help build the capacities necessary to operate in the global economy. Through programs working to combat poverty, disease, corruption and the other myriad impediments to development, foreign assistance is not only improving the quality of life for the residents in developing countries but is also building markets for U.S. produced goods and increasing the number of potential economic partners for U.S. businesses.
The report also contains recommendations for making U.S. foreign aid more effective and efficient, including: