Most economic aid that developed countries provide to so-called developing countries is actually a trick that prevents these countries from developing. “Globalization” is another such trick.
The trickery of economic aid works like this: dump your industrial surplus in underdeveloped countries, and thereby make it impossible for a competing industry to ever grow there. Aid is but protectionism by rich countries. Through state subsidies, prices of export products become artificially low. In normal trade relations, such dumping would be a case for international jurisdiction. But when disguised as aid, rich countries can dump their surplus at such low prices that every local producer is bankrupted.
Where the EU supplies cheap dairy, no investor with capital would want to invest in cattle farming. Where cars and spare parts are imported from Japan at tariffs below 5 percent, nobody will even try to produce so much as windshield wipers. Where television stations can show imported soap operas, no domestic film industry will ever develop.
Open trade only favors developed countries. For underdeveloped countries, open trade means that they stay underdeveloped because they can never compete with established production facilities in developed countries, especially when the governments of developed countries, through state subsidies, allow their industries to dump their surplus at below production costs.
Aid is just a dumping orgy. And rich nations expect to be applauded for this.