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?
Over the
last
decade, there has been a massive difference between wealthy and less affluent countries
. The main reason for this
problem is that many prosperous nations have strict laws without any corruption and also
talented people have no dearth of opportunities in their countries
, while many poorer countries
have no this
kind of chance to provide their society
. however
, there are some ways to tackle this
problem.
On the one hand, rich countries
have significantly high growth rates because of the rule of law in the country
. For instance
, companies and factories pay taxes to the country
without any gap which can help the country
to grow financially and for this
reason, first
world countries
can maintain a very healthy growth rate. However
, underprivileged countries
can also
use this
method by following similar growth models and focus on improving their economies. In that case, poor countries
need to extinct corruption among officials and they have to constitute anti-corruption laws, which will be equal for all society
.
On the other hand
, affluent countries
value talent and talented people have enough opportunities in their country
, which can allow them to develop their investments, which can create a new workplace. However
, there is a solution to create this
opportunity in less developed territories too such
as they have to provide its society
with advanced types of equipment and technology for industrialisation which is quite necessary for the development of any civilization and that can create many chances for skilful people to have many practices and experiments and improve their abilities in the same way to create their own investments. In that case, underprivileged countries
also
can keep pace with the developed ones.
In conclusion, a huge gap has been seen between underdeveloped and prosperous nations because of many causes. However
, making strict laws and providing society
with modern technology can also
help underprivileged countries
to be affluent countries
.Submitted by karampalvirk21 on
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