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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apply
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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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apply
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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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apply
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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.
Submitted by Aarush_2014 on

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

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