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
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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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