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?

Few topics have drawn as much scholarly attention as the importance of developed nations to help developing

countries

eradicate poverty, especially in the

last

few years.

Although

there has been substantial debate on whether rich

countries

should help the poor

countries

with another type of aid,

for instance

, investing in private

sectors

, or whether they should provide monetary

support

to these underprivileged nations, I am of the opinion the former proposition has several strong elements that deserve attention. A number of benefits can be attributed to allocating another type of

support

. On the one hand, by investing in the various

sectors

be it retail, industry, agriculture, or manufacturing sector, Rich

countries

can help to spike the job opportunity for a lot of people which in turn will not only improve their quality of life but

also

improve the economic growth of the country.

On the other hand

, without the

support

, people are only likely to lack behind in terms of unleashing their full potential which will

also

impact the

overall

economic capability of the country. Needless to say, all these merits of investing in less privileged

countries

will hold the developed

countries

in good stead as far as their own economic growth is concerned. Admittedly, It is true that investing in various

sectors

shouldn't be the sole focus of

support

to developing nations and there are other aids like financial

support

that shouldn't be undermined.

However

, focusing on monetary

support

appears to be insignificant against the deluge of benefits that investing in various sector offer. In conclusion, I would not wish to underestimate the concerns regarding investing in a foreign country rather than taking an easy way out of supporting through monetary benefits.

Nevertheless

, I firmly believe that a dearth of investment in various

sectors

will have a far-reaching impact not only on the individual but

also

on the cumulative productivity of the p