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

The financial growth rate in many of the developing nations is not increasing as per the expectations even if they get
support
from other developed nations and international organisations.They receive money from richer countries and other external sources for meeting their basic needs.
However
, the economic growth of poor nations reveals that the financial
support
from foreign countries is not a permanent solution to all their problems. Rather than providing large amounts of cash to poor nations, the root cause has to be identified and solved to eliminate
poverty
. One of the main reasons for a nation to become a poor
country
is unemployment. Having enough job opportunity is the key factor in a nation's success.The
country
has to encourage the entrepreneurs to start a new business to create employment opportunities. Other countries can help them by investing funds
on
Suggestion
in
their new business ideas. They can
also
help them by providing experienced resources if they are not able to
support
with cash. Lack of education is another important cause for a nation's financial instability. Studies show that, the economic growth of a
country
has a direct link to literacy rate.Others can help the countries which fall below
poverty
level to educate their people by arranging free education. They can
also
conduct campaigns to make people aware of the importance of education. Many of the economically powerful countries offer academic facilities
for
Suggestion
For
talented people from other countries.
Finally
, the money and resource utilization should be monitored closely to overcome
poverty
. Adequate checks have to be conducted to make sure that the fund is getting utilized properly. To conclude, financial
support
is not the best way to eliminate
poverty
from undeveloped countries. The root cause has to be identified and rectified for making a poor
country
better.

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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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