Rich countries are getting richer while poor countries are getting poorer. What is the cause of this? What could be done to solve this problem?

The study of the reasons why some
countries
achieve sustained growth that allows them to develop while many others cannot do it and seem not to be able to progress well. In
this
essay, I will disscuss the reasons and solutions to a given problem with an example provided below. Governments play many roles in ensuring economic growth, the most prominent of which is protecting property rights. Political stability is
also
important for a healthy economy; crime, poverty, income disparity and armed conflicts can be both a cause and result of poor economic growth. Governments can help mitigate these problems. Government can
also
play a role in the economy by correcting for market failures: dealing with unwanted side effects of economic activity like pollution, and providing important public services like roads and other infrastructure.
Countries
that support research and development, education and scientific research are likely to improve their supply of technology.
Although
freedom is an abstract concept that can be difficult to measure, it is hardly worth disputing that historically freer
nations
have
also
developed into wealthier
nations
. The "freedom" to which economists often refer is free enterprise. Freedom
also
refers to the many political and civil liberties that are central in modern democracies, and these too have economic benefits. A free press,
for example
, helps spread information vital to economic decision making, and makes government activity transparent. To conclude, rich
nations
become richer because of their technological capabilities and great leaders.
Nevertheless
, if wealthy
nations
were to support poor
countries
, less fortunate
nations
would still develop and pace with other
countries
in the future ahead.
Submitted by mhelrose.alfaro193 on

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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • financial assistance
  • technological assistance
  • economic gap
  • basic needs
  • healthcare
  • education
  • infrastructure
  • global stability
  • diplomatic relations
  • global cooperation
  • dependency
  • self-sufficiency
  • strings attached
  • political decisions
  • economic decisions
  • sovereignty
  • tension
  • mismanagement
  • corruption
  • intended purpose
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