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?

Many rich countries tend to provide moratorium support to the poor or developing countries.
Although
it helps many countries, it is widely argued that
this
does not solve the major problem of poverty.
Hence
, many suggest the aids should be in
such
forms which can boost the poor countries in the long run.
This
essay discusses about why poor countries need more than just financial aids. Historically, we have seen that the developed countries often form alliances by helping the poorest countries with money. In return, these poor countries offer labourers and other political advantages to the developed nations. Even though the underprivileged countries are benefiting from money and jobs,
this
does not boost the economy of the
country
in the long run.
Moreover
,
such
reforms seldom impact the growth of these countries and
this
can be sited by the various small countries which supply cheap labourers to the developed ones.
Conversely
, a better way to uplift the under-developed countries would make the
country
strong and self-reliant.
Instead
of offering financial aid, establishing an educational institute can help the
country
produce well-educated individuals. While education is the key to develop a
country
,
this
will help the
country
shape itself in the future.
Similarly
, super countries can invest in manufacturing units, which would directly provide employment to the locals of the
country
.
For instance
, in countries like India, many families have benefitted from
such
foreign investments. In conclusion, I agree that the well off countries should not just focus on financial aids but, lead the poorer countries to be of a better social-economic status. In my view, education and employment can make these developing countries empowered.
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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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