There is a significant gap between rich and poor countries. Some people think that richer countries should be responsible for supporting poorer countries while others think it is the responsibility of the poorer countries. What is your opinion?

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In the era of globalisation, there are several countries that have the strongest
economy
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, while, others are competing to become a developed
country
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. There are few masses think that
,
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developed countries should be accountable for assisting backward nations.
This
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view is supported by some, others have a strong counter-argument, that, backward countries manage their finances themselves. In my opinion, those
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economy
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economists
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who are financially strong would help the developing countries in order to take a stand in
this
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competitive era.
To begin
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with, Due to the
unequality
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inequality
of national income backward countries rise more financial burden,
Consequently
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, poverty rate increase at an alarming rate. To tackle
this
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problem, some people think that, it would be better if
such
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lower
economy
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would be funded by those strong nations.
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would help
to
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apply
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that
country
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to grow at a significant rate.
For instance
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, USA considered to be the strongest
economy
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in the
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world, as
last
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year the USA provides $10 million US to Africa according to the source by Bloomberg,
Such
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initiative would be a great impact on those poor nations to grow rapidly.
On the other hand
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, a few members think that
such
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, poor
economy
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would have to manage their finance wisely, If they manage their money rationally, It is able to boost their standard of living,
as a result
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, it will automatically reduce poverty.
For example
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,
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c
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the
a
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ountry should allocate their budget according to the requirement of the sector,
moreover
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, they should be more focus on
i
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an
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mperative area
such
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as education and healthcare, which lead to boost the overall standard of their population. Apart from
this
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,
such
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countries need to create more job opportunities,
This
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lead to more and more people engaged into a workplace, eventually, productivity increase, which is most crucial aspects of any nations to grow independently. To conclude
this
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, after musing both sides of the arguments, it can be said that, nations should allocate their resource wisely to achieve success.
However
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, I believe that
,
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well-developed nations should help to backward
country
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as they
arealso
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are also
responsible for the growth of some poor nations.
Submitted by asifrathod662 on

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