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Band 7

The wealth gap between 1st world countries and 3rd world countries seems to be increasing. How can we reduce this gap? Do you think that developed countries have a duty to assist developing countries in every way?

#wealth #gap #st #world #countries #rd #duty
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In recent times, it is found that there is a significant difference in various aspects between 1st
world
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countries
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 and 3rd
world
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countries
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. Among several, the wealth gap between those
countries
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 appears to be alarmingly increasing.
Such
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 disparity can be reduced by the implementation of new industrial and manufacturing developments , self-sustainability through in-house
development
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 and most importantly by developing better infrastructures and education facilities. The aforementioned factors and the way to achieve the same are described in the upcoming paragraphs.
Firstly
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, to reduce the prosperity gap , it is important to have a better economy.
This
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 can be generally obtained by industrialisation. For ,example more production sites will enhance the revenue to the country, which obviously helps to improve the quality of life. Infrastructure
development
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 is key to getting the attention of any industry.
In addition
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, providing a high level of education can create new entrepreneurs in the country itself.
This
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 not only improves the financial stability but
also
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 helps the self-sustainability of developing
countries
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. The above-discussed solutions are not an easy walk , considering the unavailability of funding and lack of technology enhancement. To develop infrastructure
development
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, industrialisation in developed
countries
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 can be achieved only with the help of developed
countries
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- at least during the initial stage.
For instance
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, developed
countries
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 help with infrastructure
development
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 and business investment promotes developing
countries
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' growth.
In addition
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, they can
also
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 provide better education through various scholarship programmes for those who belong to developing
countries
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. In conclusion, with the initial assistance of 1st
world
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countries
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 , 3rd
world
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countries
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 can nurture better economies and self-sustainability for the future, which in turn assists to reduce the wealth gap between these
countries
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.
Submitted by unnikrishnanpp153 on

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