I believe that foreign aid is ineffective in promoting economic growth in developing countries for three reasons. First, corrupt governments in recipient countries often misappropriate foreign aid instead of using it for their own economic development. Second, foreign aid is often misused for the benefit of developed countries. Aid often comes with strings attached, and recipient countries are forced to use overpriced goods and services from donor countries. Third, foreign aid often increases the recipient country's dependence on the donor country, thereby hindering reform of the fragile economic system.