Many developed countries are giving financial aid to poor countries. However, this hasn’t solved the problem of poverty in these nations and so other types of help are needed. To what extent do you agree or disagree with the statement?

In present times, many
first
-world
countries
are giving financial aid to underdeveloped
countries
. Unfortunately, numerous poor nations depend on these donations for even basic facilities like clean water and education.
However
, I totally agree with the statement that financial aid is not only what these
countries
require to survive poverty, but other measures should
also
be taken
instead
. In
this
essay, I will highlight a few points to prove my view of
this
. To commence with, global-north states can donate money to the NGOs which invest in the industrialisation of poor
countries
.
Furthermore
, it will provide job opportunities and increase the influx of money.
For instance
, if America approaches NGOs in Kenya and they build a factory in its underdeveloped area,
this
can reduce the poverty line in that area and their children will be saved from hunger and early death.
Hence
, enabling the native people of unfortunate society will make them financially independent.
Additionally
, giving free scholarships to graduates of
third
-world
countries
will
also
produce qualified and skilful individuals who can take part in their country’s progress.
For example
, in the
last
few years, Norway provided free student visas for many students from all around the world who wished to acquire a Master’s degree.
In addition
, these educated people can always go back to their
countries
and start their own businesses.
Therefore
, educating poor nations will
also
help them cope with poverty. To conclude ,
although
a great many nations depend upon financial relief given by developed
countries
yet, the destitution of these
countries
does not seem to decline. In my opinion, investing in industrialisation and education might help them.
Moreover
, it is said that if you give a man a fish, you feed him for a day. If you teach him how to fish, you feed him for a lifetime.
Submitted by anniezafar3 on

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Topic Vocabulary:
  • financial aid
  • development aid
  • sustainable development
  • economic growth
  • vocational training
  • poverty alleviation
  • infrastructure development
  • trade and investment
  • healthcare initiatives
  • technological transfers
  • corruption and governance
  • effective utilization
  • long-term solutions
  • economic disparity
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