Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other types of help to the poor countries rather than financial aid. To what extent do you agree or disagree?

Wealthy countries often give away a hefty amount of
money
to the underprivileged nation;
however
, some people hold the opinion that rich nations should explore other ways of offering financial help to them in order to resolve their
money
deficit. I strongly agree with
this
notion and will discuss how affluent countries can address
this
issue by investing in businesses and education of poor countries. The main reason why I think that rich countries should make a hefty amount of financial investment in the economy of needy countries because it would not only widen the business opportunity but
also
create more employment for all the age groups. More
money
would let the business of developing countries to expand their operations into different parts
world allowing
Accept comma addition
world, allowing
them to sell their product and services overseas and generate more cash. To exemplify, software development firm of these nations can sell overseas and earn from other countries by trading their own skills.
Furthermore
, they must pump more wealth into the education system of the financially struggling country by setting up schools, colleges and universities which will not only improvise the literacy rate but
also
educate the young generation with better content and skills. By attending better school and university, the new generation will be equipped with
required knowledge
Suggestion
the required knowledge
and skill to grab better employment, a rise in their living standard and these people will
also
help the nation by paying different taxes. To conclude, rich countries can the resolve poverty issue of poor countries by investing in businesses and education as a long-term solution rather throwing a chunk of
money
as gift aimlessly.
Submitted by jha.arun2009 on

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Topic Vocabulary:
  • poverty alleviation
  • economic inequality
  • developing nations
  • foreign aid
  • sustainable growth
  • technical assistance
  • expertise
  • infrastructure
  • education
  • fair trade
  • trade barriers
  • sustainable development
  • environmental conservation
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