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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It has been a trend that very often, developed nations provide money to poor
countries
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to help them develop their economy.
While
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the incoming finances indeed help to some extent, it does not really affect the life of an ordinary man.
Therefore
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, I believe that rich
countries
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can definitely find other means of support rather than just giving money to poor
countries
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. First and foremost, incoming international currency can downgrade a
country
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's economy even more as it impacts the GDP, which leads to increased prices and inflation.
Whereas
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, if they invest more in the employment and education sector, it can boost the national economy.
For instance
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, when multinational companies are built in an area, it not only leads to infrastructural development but
also
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creates many jobs.
Hence
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the unemployemt
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unemployemt
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unemployment
rate goes down. There is a saying that, "one should teach the other to fish rather than to feed the fish". I think it completely holds true in
this
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case.
Secondly
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, When big government bodies receive funds, they choose where to utilize that.
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this
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could be beneficial for the
country
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as a whole, it might not affect the life of a layman.
Furthermore
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, many nations don't have the advanced technologies available to expand different industries.
For instance
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, furnishing medical apparatus can provide better treatment to patients and they would not have to spend a fortune to go to another
country
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for treatments.
Likewise
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, financing military equipment can help in increasing
security
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the security
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of the
country
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.
This
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could be an advantage for domains that don't have the money to invest in research. In conclusion, wealthy
countries
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can invest more in different sectors to make poor
countries
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much more
self sustainable
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self-sustainable
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and independent.

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