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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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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