Episode 71 of 100 · 5-Minute Videos

How Foreign Aid Keeps Africa Poor

Economics · Geography · Economics — Economics & Financial Literacy · Geography — World Geography · History · Government — American Government · Financial Literacy · Government · Captions

About This Video

Does foreign aid help Africa—or hurt it? Senegalese entrepreneur Magatte Wade knows that prosperity can’t be built on handouts, no matter how well-intentioned. So, what’s the real solution to African poverty? Get ready for a surprise.

Standards Met in Ohio

  • 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
  • 7.GE.14Grades 7thTrade routes connecting Africa, Europe and Asia helped foster the spread of ideas, technology, goods and major world religions (Buddhism, Christianity, Hinduism, Islam and Judaism) that impacted the Eastern Hemisphere.
  • 9-12.AG.19Grades 9th, 10th, 11th, 12thIndividuals and organizations play a role within federal, state and local governments in helping to determine public (domestic and foreign) policy.
  • 9-12.EFL.4Grades 9th, 10th, 11th, 12thDifferent economic systems (traditional, market, command, and mixed) utilize different methods to allocate limited resources.
  • 9-12.WG.16Grades 9th, 10th, 11th, 12thUrbanization provides opportunities and challenges for physical and human systems in cities and their surrounding regions (e.g., development of suburbs, loss of habitat, central markets, squatter settlements on city outskirts, regional specialization in services or products, creation of ethnic enclaves).
  • 9-12.WG.18Grades 9th, 10th, 11th, 12thGlobalization has cultural, economic, physical and political consequences (e.g., Internet access increases availability of information, outsourcing leads to regional unemployment, development of infrastructure impacts local ecosystems and economies, computer hacking into sensitive data bases leads to insecurity).
  • AMG.9-12.19Grades 9th, 10th, 11th, 12thIndividuals and organizations play a role within federal, state, and local governments in helping to determine public (domestic and foreign) policy.
  • EFL.9-12.1.lp.eGrades 9th, 10th, 11th, 12thIdentify local economists.
  • EFL.9-12.4Grades 9th, 10th, 11th, 12thDifferent economic systems (e.g., traditional, market, command, mixed) use different methods to allocate limited resources.
  • EFL.9-12.4.aGrades 9th, 10th, 11th, 12thCompare and contrast the different economic systems (e.g., traditional, market, command, mixed).
  • EFL.9-12.4.bGrades 9th, 10th, 11th, 12thIdentify the different economic systems (e.g., traditional, market, command, mixed).
  • EFL.9-12.4.cGrades 9th, 10th, 11th, 12thIdentify an economic system.
  • EFL.9-12.4.lp.bGrades 9th, 10th, 11th, 12thUnderstand that a mixed market includes elements of a market system and command economic system.
  • EFL.9-12.4.lp.dGrades 9th, 10th, 11th, 12thUnderstand that a market economic system uses individual choices of buyers and sellers to distribute resources through supply and demand.
  • SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.
  • SS.7.14Grades 7thTrade routes connecting Africa, Europe, and Asia helped foster the spread of ideas, technology, goods, and major world religions (Buddhism, Christianity, Hinduism, Islam, and Judaism) that impacted the Eastern Hemisphere.
  • SS.7.14.lp.eGrades 7thTrace possible trade routes between Africa, Asia, and Europe.
  • SS.7.14aGrades 7thIdentify the results of trade routes connecting Africa, Asia, and Europe (e.g., ideas, technology, goods, major world religions).
  • SS.7.14bGrades 7thIdentify on a map the trade routes between Africa, Asia, and/or Europe.
  • SS.7.21.lp.dGrades 7thSort images/locations of local banks vs. other markets (stores/businesses) where money might be exchanged.
  • WG.9-12.16Grades 9th, 10th, 11th, 12thUrbanization provides opportunities and challenges for physical and human systems in cities and their surrounding regions (e.g., development of suburbs, loss of habitat, central markets, squatter settlements on city outskirts, regional specialization in services or products, creation of ethnic enclaves).
  • WG.9-12.18Grades 9th, 10th, 11th, 12thGlobalization has cultural, economic, physical, and political consequences (e.g., Internet access increases availability of information, outsourcing leads to regional unemployment, development impacts local ecosystems and economies, computer hacking into sensitive databases leads to insecurity).