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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Developed
countries
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have been providing financial
aid
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to
third
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world
countries
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for decades, but
this
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has not changed the economic plight of poorer
countries
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. I totally agree that the
aid
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should be replaced b y other more effective forms of support, because of problems of corruption and poor economic management in these
countries
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. The primary reason why financial
aid
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is ineffective in easing poverty in recipient
countries
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is
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that
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because
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ofbecause
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the level of corruption in poorer
countries
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. The majority of the fund is misappropriated by officials before it trickles down to the people. As the leaders in these areas are not democratically elected and have a strong grip
in
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on
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power, there is little leverage from the people to bring about change. To illustrate
this
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, we can take a look at African
countries
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, which have constantly received financial support from Western
countries
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,
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apply
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but remains undeveloped and financially inadequate. Another reason why funding is not effective is that the recipient government does not have sound economic policies and good governance in place.
This
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means that these governments are not capable of managing the funds properly and the
aid
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will be lost or misused.
Therefore
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, ensuring governments are able to manage funds before the money is provided is crucial for positive outcomes from
this
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financial
aid
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. In conclusion, I reiterate my strong view that other types of support other than money are necessary because financial
aid
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is often misused by recipient
countries
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due to corruption and financial mismanagement.
Thus
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, I recommend long term strategies to be put in place to ensure financial
aid
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can be phased out.
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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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