Importance of Foreign Aid in Economic Growth & Development of Developing Countries.Foreign aid to developing countries is a subject of heated debate among politicians, economists, and development specialists. Does aid promote economic growth and reduce poverty?Due to the importance of this topic, the impact of foreign aid has been the subject of very extensive investigation. The key question that both the donor and the recipient countries question is whether aid has any effect on developing countries growth and their level of poverty. This issue has been approached from various perspectives;...