Rich countries are getting richer while poor countries are getting poorer. What is the cause of this? What could be done to solve this problem?

We all have heard

this

sentence once in our life "

Money

makes more

money

" which explains why the developed countries are gaining financial growth

while

the developing

world

is still facing an economic crisis. To elaborate in detail, I will discuss reasons and solutions for

this

very important issue in

this

essay. Interestingly, after the second

world

war, the race between powerful countries of the

world

to become

further

powerful ,especially between the United States of America and Russia existed for long and created economic differences for others. On their way to show supremacy, developed nations invested their

money

in new businesses, and grew technology in different fields to an extreme extent which helped them in their own growth.

For example

, inventions in space science and satellite benefitted them in agricultural and communication technologies.

Furthermore

, they promoted their businesses and sold them to the developing

world

. Surprisingly, as

world

bank policies are dominated and indirectly governed by rich countries, the interest rates on

money

lent to poor nations create even more difference.

Subsequently

, a poor nation does not come out of its crisis. 

However

,

this

difference can be resolved by encouraging local investment and more export.

Hence

authorities from a developing country need to make strategies to grow and build their nation on their terms rather than under the pressure of superpowers. In conclusion, for every ,problem there is a solution so even if it is true that richer are getting richer

due to

previous policies but in today's

world

there are many solutions and the developing

world

can come out of an economic crisis in the near future.