Rich countries are getting richer and poor countries are getting poorer. What are the causes? What could be done to solve this problem?

Poor

countries

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are getting poorer whereas rich

countries

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are getting richer. There are many reasons behind

this

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statement and

this

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essay will discuss the two main reasons (

Population

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and Poor Governance) as well as solutions to these problems. The sharp increase in

population

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and poor

leadership

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in some regions are the major reasons why these

countries

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are poorer as compared to others. The

population

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is the leading cause of unemployment which leads to low per-capita income and

further

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leads to low GDP of the

country

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. According to a survey in 2018, the percentage of global wealth in high-income

countries

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like the USA and parts of Europe is higher and is inversely proportional to their

population

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.

Similarly

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, the

population

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of

countries

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like India and Vietnam is much higher resulting in a lower proportion of global wealth.

In addition

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, poor political

leadership

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is another main cause behind

countries

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failing as economies and are unable to get out of

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vicious circle. The Government plays a significant role in increasing the ratio of global wealth in its

country

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but there are many leaders that are failing to keep the economic boat afloat by spending surplus money on elements that are not of much importance. To cite an example, the Indian Government spent INR 3800 crores on a statue rather than diverting the amount to more pressing issues which can create more job opportunities and eventually enjoy financial freedom. These are the two leading causes why rich

countries

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are prospering financially and other regions are struggling. The solutions to the problems mentioned above are

birth

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control and better

leadership

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.

Birth

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control is one of the ways to tackle the problem of

population

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. There should be norms to have only 1 child which can play a significant in curbing the

population

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.

For instance

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, China has been controlling

birth

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for a long time and has succeeded to a large extent and it has helped China to increase employment opportunities all over the

country

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.

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, it has put China in a better position monetarily and it has become one of the leading economies of the world.

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, the solution to poor governance is to elect better leaders who understand economics and can create better job opportunities and lead the

country

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to a being rich. To conclude, the two major problems which are

population

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and poor Government can be tackled by amicable solutions (

birth

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control and smarter

leadership

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).

This

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is the way the poorer

countries

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can become rich and compete with other parts of the world.