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?

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