Some people believe that education in certain countries do not cater to the economic needs of society. To what extent do you agree or disgree?

In

this

contemporary world, there seems to be a dilemma regarding how highly developed nations should do its part to help the economically backward countries. While some people believe that financial aid is enough, others believe that alternate types of resources should be provided

instead

to aid these nations. I agree with

this

statement to some extent and will discuss my reasons for the same in

this

essay. On one hand, rich nations lending money to the developing nations have its own sets of advantages.

Firstly

, the receiving nation knows best where to invest the capital funds and where to allocate them.

For example

, in the Israel- Palestinian war, the USA transferred millions of dollars to aid their ally Israel, which were

subsequently

utilised to strengthen their army and equip them with advanced military weapons.

Secondly

, liquid cash helps to uplift the financial status of the underprivileged nation.

For example

, China helped Pakistan to clear off its massive debts from the World Bank.

This

resulted in increasing the value of the Pakistani currency against the dollar.

Conversely

, giving only money funds does not necessarily alleviate poverty.

For example

, in the Haiti earthquake calamity, manpower, food, and shelter were the main resources that were the need of the hour and not cash. To tackle

this

, Bill Gates Foundation provided volunteers while Red Cross distributed food packages and UNICEF helped in constructing large-scale shelters and medications to the catastrophe victims. All these cumulatively helped to alleviate poverty from the Haiti region. To conclude, I would like to emphasise that while financial aids in terms of funds may be one of the effective ways to fight against poverty, it is certainly not enough as manpower, food, shelter, medicines and other

such

essential resources are equally and vitally important. I strongly believe that well-to-do countries should provide a helping hand to the poverty-ridden nations depending upon the need of the situation.