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?

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We all have heard
this
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sentence once in our life "
Money
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makes more
money
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" which explains why the developed countries are gaining financial growth
while
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the developing
world
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is still facing an economic crisis. To elaborate in detail, I will discuss reasons and solutions for
this
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very important issue in
this
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essay. Interestingly, after the second
world
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war, the race between powerful countries of the
world
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to become
further
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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
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in new businesses, and grew technology in different fields to an extreme extent which helped them in their own growth.
For example
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, inventions in space science and satellite benefitted them in agricultural and communication technologies.
Furthermore
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, they promoted their businesses and sold them to the developing
world
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. Surprisingly, as
world
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bank policies are dominated and indirectly governed by rich countries, the interest rates on
money
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lent to poor nations create even more difference.
Subsequently
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, a poor nation does not come out of its crisis. 
However
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,
this
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difference can be resolved by encouraging local investment and more export.
Hence
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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
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previous policies but in today's
world
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there are many solutions and the developing
world
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can come out of an economic crisis in the near future.
Submitted by sonyasharma01 on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Topic Vocabulary:
  • financial assistance
  • technological assistance
  • economic gap
  • basic needs
  • healthcare
  • education
  • infrastructure
  • global stability
  • diplomatic relations
  • global cooperation
  • dependency
  • self-sufficiency
  • strings attached
  • political decisions
  • economic decisions
  • sovereignty
  • tension
  • mismanagement
  • corruption
  • intended purpose
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