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?

Although

many developing countries receive large sums from developed countries in order to tackle poverty, the problem still remains unsolved. Because of

this

, many economists argue that they should get benefitted in the ways other than the financial aids. I completely agree with

this

view because of the inability of the poor countries to manage money and the limited nature of monetary help.

To begin

with, developing countries or under-developed countries, because they do not know how to manage billions of dollars, get very short-lived benefits if they are helped in

this

manner.

This

is because there are multiple socio-economical and political reasons due to which the money does not get invested properly by the government. Corruption,

for example

, prevents many of these countries to achieve something fruitful from the donations.

Therefore

,

incompetence

Suggestion

the incompetence

of governments to resolve complex and intertwined local problems, liquidity is not the best way to aid them.

Finally

, well-settled nations could help the needy countries in ways that have more sustainable consequences rather than donating big amounts. These ways can develop the smaller economies in a more comprehensive manner that the larger economies forgetting about them after getting relieved of their moral duties.

For instance

, tax benefits provided to wealth companies to invest in developing countries would provide these smaller nations with employment, skills, and better education to meet the demand.

Thus

, while monetary aid definitely helps the country receiving the amount, other

ways

Accept comma addition

ways, such

such

as foreign direct investments can foster the economy

sustainably

capable of being sustained

sustainable

. In conclusion, many individuals opine that rich nations should assist poor nations

in addition

to financial assistance.

in

Suggestion

In

my opinion,

this

is crucial because of the uncertainty of the money's spending and the better potential options for the assistance.