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

Our whole
world
is categorized in different stages some
countries
are well developed while others are under the phase of development and some
countries
are not developed, so the
countries
that are well stable do is they provide financial
aid
to less stable
countries
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
, Developed
countries
have to think differently to solve these problems. After industrialization came into existence almost all
countries
around the
world
came on the same page to deal with each other, They made Unions and Committees that not only unite them but
also
provide help to each other in the form of Financial
aid
But it is observed that
this
financial
aid
is not solving the problem of that less developed
countries
let’s take an example of International Monitoring Fund (IMF) and
World
Bank they provide funds to less developed
countries
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
not to give money in the hand. Rich
countries
have to develop some programs that provide
skills
to poor people so that after getting
skills
they can avail themselves it and work anywhere they want. Most of the NGO's are working on that concept worldwide especially in
poor
Add an article
the poor
show examples
community
Fix the agreement mistake
communities
show examples
to enable the lower class,
Although
not only NGO's but famous personalities like Bill Gates, Elon Musk, Ronaldo, and many more well-known people around the
world
taking steps forward. To summarize, I must say that it is a good way to work on
skills
rather than just helping with financial
aid
, Because with skill a person can survive a lifetime but with limited ,money he cannot survive the whole life.
Submitted by shraddhakasturi on

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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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