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?

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Developed nations are often seen providing economic assistance to the
third
world nations.
However
, it does not always help in reducing poverty and
therefore
it is argued that less affluent nations must be provided with an alternative form of aid.
This
essay discusses why poor other types of aid will be superior One of the main reasons why developing nation should be assisted in other ways is because money can solve problems only for the temporary period. It is not a long-lasting approach to tackling poverty. To illustrate, a developed nation can build schools for poor nations, but the expenses that incur later in regards to a student's fees and teacher's wages may force to close the institution.
This
is because foreign aid may not be able to support for long periods.
Thus
, it is highly essential that developed countries should find alternatives when helping the poorer nations. There are different kinds of ads that affluent nations can provide to address
this
problem.
First
and foremost, young people could be given the necessary training in various fields
such
as technology, modern agriculture, teaching, technical skill, communication etc.
This
helps them to find employment in their own countries or they can apply jobs to other rich nations. Another important option is investing in prosperous and promising sectors in the poor nations. If
first
world nations
such
as the USA opens its companies in
third
world countries like India, Pakistan, Nepal etc. Many people can be highly benefited as
such
industries can create many local jobs. In conclusion, there are many advantages if rich nations can provide alternative forms of aids
instead
of capital because financial support is only the short term approach to tackling the issue. In future, it is suggested that
such
new approaches need to be continued.
Submitted by saiful.asif05 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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