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?

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Even though the
world
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is well
in to
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into
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the 21st
centuary
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century
, it is still split into a developed and
a
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apply
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developing nations. It is
h
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a
the
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ard truth that as years gone by,
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the
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GDP of rich
countries
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is getting
welthier
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wealthier
, whereas, poor
countries
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are going deep into an economic turmoil. In
this
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essay,
firstly
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, I will explain how low literacy rates as
w
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a
the
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ell lower level of higher
eduction
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education
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is a major reason for many 3rd would
countries
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having economical
backwordness
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backwardness
.
Secondly
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, I will
expalin
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explain
how easy
eductaional
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educational
well-being can lead to a revival of poor
countries
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. It will not be an exaggeration
,
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apply
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if we say 3rd
world
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realms lags a lot behind the western
world
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in educational competitiveness. It is the known fact that till today most of the research and
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world changing
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world-changing
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technologies are
p
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the
a
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roduct of
top class
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top-class
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universities like Stanford.
Therefore
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, developed
countries
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always have an edge, when it comes to producing technologies to develop finished goods from raw material.
This
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raw material is mainly imported from poverty-stricken
countries
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with a nominal cost and sold to them
with
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at
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a higher price.
This
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leads to the cycle of market exploitation, which has been amplified by globalization in
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l
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the
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ast few decades.
Furthermore
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, rich
countries
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like the United States of America, are richer mostly because of the industrial revolution which took place in the 18th century.
This
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industrial surge was fueled by breakthroughs achieved in technologies due to
a
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apply
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greater research, which was possible
as a result
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of
i
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an
the
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nvestment of these
countries
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in higher education access to
c
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the
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ommon populace.
As a result
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, developed nations keep producing excellent skilled workforce and
entreprenurs
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entrepreneurs
.
For instance
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, since the opening of "Indian
Instituate
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Institute
of Technology"
centers
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centres
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in
l
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the
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ate
60's
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'60s
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, India had
came
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come
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a long way in space and farm domains. India even rode an IT boom in
90's
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'90s
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, which not only gave a helping hand to the state of Indian
ecomomy
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economy
, which was
destained
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destined
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to doom at that point in time but
also
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boosted the net income of different rungs of the society. To conclude, I firmly believe educational infrastructure is the key
for
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to
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the development of poorer
countries
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. These
countries
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need to be self-reliant. An army of skilled people can make
this
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possible.
This
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is specifically important as
,
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apply
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the
world
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is moving towards the concept of industry 4.0; where all aspects of almost all organisations will be linked with technology. In my opinion
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,
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to go from rags to riches, a country needs to create
e
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an
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ducational cycle, which yields more jobs which
inturn
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in turn
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flame more economical progress.
Submitted by Aarush_2014 on

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  • Introduction
  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

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  • One of the first problems of the...
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  • One immediate practical solution is to...

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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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