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

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There is a huge gap between rich
countries
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and poorer
countries
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in today's world. Wealthy
countries
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are getting richer;
however
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, poverty-stricken
countries
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cannot make strides in their economies. The main problem is brain drain, and offering
job
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incentives for
people
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to stay in their country of origin might be a solution.
People
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do not return back to their
countries
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after graduation, which can cause a brain drain. They cannot find a promising
job
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, and decide to migrate to developed
countries
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.
This
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migration might lead to a lack of employees.
Consequently
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, underdeveloped
countries
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encounter inflation and economic crises as businesses cannot stay afloat, which means that there is no money circulation in these
countries
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.
However
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, since rich ones acquire professionals from poorer
countries
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, their economies are improved.
For instance
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,
people
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who live in Arabic states tend to move to Western European
countries
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rather than their neighbours because they have economic prosperity, and can cater for employees' needs. If globally popular companies, which are generally located in developed
countries
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, can open new branches in economically backward ones,
then
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job
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opportunities can be flared up, and there will be no need to leave your country after holding a degree. If
this
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happens, poorer
countries
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can obtain economic thrives because of money circulation in companies.
Furthermore
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, rich
countries
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benefit from these opened branches as they receive money.
For example
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, Huawei, a technology company, opened new offices in Arabic
countries
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such
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as Kuwait, Bahrein, etc. for either business purposes or urging
people
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to work for them. In conclusion, it is a fact that poorer
countries
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cannot be successful in improving their prosperity. On the other side, prosperous
countries
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are getting wealthy in the world. The cause is prominent that
people
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migrate to developed
countries
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, staying there for
job
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purposes;
nevertheless
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, opening new branches of global companies to elevate the economy in these
countries
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can bring hope.
Submitted by yusifakhmad on

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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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