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?

Even though the

world

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

is getting

welthier

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wealthier

, whereas, poor

countries

are going deep into an economic turmoil. In

this

essay,

firstly

, 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

having economical

backwordness

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backwardness

.

Secondly

, 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

. It will not be an exaggeration

,

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if we say 3rd

world

realms lags a lot behind the western

world

in educational competitiveness. It is the known fact that till today most of the research and

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

, developed

countries

always have an edge, when it comes to producing technologies to develop finished goods from raw material.

This

raw material is mainly imported from poverty-stricken

countries

with a nominal cost and sold to them

with

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at

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a higher price.

This

leads to the cycle of market exploitation, which has been amplified by globalization in

l

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the

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ast few decades.

Furthermore

, rich

countries

like the United States of America, are richer mostly because of the industrial revolution which took place in the 18th century.

This

industrial surge was fueled by breakthroughs achieved in technologies due to

a

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greater research, which was possible

as a result

of

i

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an

the

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nvestment of these

countries

in higher education access to

c

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the

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ommon populace.

As a result

, developed nations keep producing excellent skilled workforce and

entreprenurs

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entrepreneurs

.

For instance

, 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

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

. These

countries

need to be self-reliant. An army of skilled people can make

this

possible.

This

is specifically important as

,

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the

world

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.