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?

Wealthy
nations
are increasing their
wealth
as ever before, whereas
countries
with less
wealth
have more poverty than ever. I think
this
is because
nations
with
wealth
already have omniscient
people
, and
technology
in place which are needed for investment in the nation’s
economy
and success.
Thus
,
countries
with great poverty deprived of these components are not able to thrive. One solution to
this
problem is to make
nations
with resources invest in the poor ones.
Nations
increase their
wealth
because a large part of their population is well-educated
people
that make
money
.
Money
is invested in enterprises and
technology
which give yield and boost the
economy
of the state.
Technology
is in place and is even developed
further
to generate resources for the benefit of the state. To exemplify, the US is the centre of the most renowned companies worldwide
such
as Amazon, Apple, and Microsoft. These companies are continuously growing and earning
money
which
further
contributes to the richness of the US.
In contrast
,
countries
with fewer resources lack the equipment and the
people
with skills to drive the technological development
further
,
thus
marginal possibilities for gaining more
wealth
. In order to help boost the
economy
of the underprivileged
countries
, the affluent
nations
should spend some of their
money
on these. If industries and
technology
could be improved, the higher the chances would be that these
countries
would improve their
wealth
.
For example
, if the World health organization stated that every country should spend one-tenth of their budget on poor
countries
, it is likely to improve
technology
which again would attract more skilled
people
, ultimately necessary for success. In conclusion, the rich ones are gaining more because of more developed
technology
and omniscient
people
compared to the poor ones which lack these factors and have less possibility to flourish in terms of
economy
. To help boost a poor country’s
economy
, investment from wealthy
nations
are required.
Submitted by krishers on

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