Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other types of help to the poor countries rather than financial aid. To what extent do you agree or disagree

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Our whole
world
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is categorized in different stages some
countries
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are well developed while others are under the phase of development and some
countries
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are not developed, so the
countries
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that are well stable do is they provide financial
aid
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to less stable
countries
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so that they can run their economy. But it is observed with past experiences that giving direct money is not solving the problem of poverty in those
countries
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, Developed
countries
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have to think differently to solve these problems. After industrialization came into existence almost all
countries
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around the
world
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came on the same page to deal with each other, They made Unions and Committees that not only unite them but
also
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provide help to each other in the form of Financial
aid
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But it is observed that
this
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financial
aid
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is not solving the problem of that less developed
countries
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let’s take an example of International Monitoring Fund (IMF) and
World
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Bank they provide funds to less developed
countries
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to run their economy and end up the poverty but not significant results are obtained due to their funds, The financial conditions of the country remain the same and they became reliable to those funds. It is the best way to decrease poverty in the country to work on the
skills
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not to give money in the hand. Rich
countries
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have to develop some programs that provide
skills
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to poor people so that after getting
skills
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they can avail themselves it and work anywhere they want. Most of the NGO's are working on that concept worldwide especially in
poor
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the poor
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community
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communities
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to enable the lower class,
Although
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not only NGO's but famous personalities like Bill Gates, Elon Musk, Ronaldo, and many more well-known people around the
world
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taking steps forward. To summarize, I must say that it is a good way to work on
skills
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rather than just helping with financial
aid
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, Because with skill a person can survive a lifetime but with limited ,money he cannot survive the whole life.
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Topic Vocabulary:
  • poverty alleviation
  • economic inequality
  • developing nations
  • foreign aid
  • sustainable growth
  • technical assistance
  • expertise
  • infrastructure
  • education
  • fair trade
  • trade barriers
  • sustainable development
  • environmental conservation
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