Rich region have been supporting to poor nations from the beginning, and the poverty has not been reduced
so
far. However, I agree
with this notion, that financial aid should be replaced
with effective types of help, and I will discuss the reasons in the paragraph below.
To begin
with, transferring of funds to weak economical countries
is not solving the issue of poverty because
of corruption. International organizations have been working for ages to reduce
beggary in underdeveloped nations, high level authorities do not let
these funds reach to ordinary people. In addition, lack of infrastructure and advanced technology makes
it hard
for aided countries
to utilize the grants in a optimal manner
to have a long term effect.
In this era of modernization, artificial intelligence plays an essential role. Therefore, it is much better for developed countries
to invest in infrastructure that will create more jobs, which will have a major impact on reduction of poverty. For instance, Pakistan and Chinese government
has initiated CPEC, whose main purpose is to transform Pakistan's economy by modernizing its road, rail, air, and energy transportation systems which has created several job opportunities for poor. Moreover, developed community should offer scholarship programs for students arriving from emergent nations, and provide them accommodations as the exchange rate is much higher for the pupils, who are coming from poor countries.
In conclusion, simply
handling out money to the underdeveloped countries
is not going to end
the cycle of hardship, and help
in other forms must
be extended
to enable them to break free from their current
state.
Rich region have been supporting to poor nations from the beginning, and the poverty has not been
reduced
so
far
.
However
, I
agree
with this notion, that financial aid should
be replaced
with
effective types of
help
, and I will discuss the reasons in the paragraph below.
To
begin
with
, transferring of funds to weak economical countries
is not solving the issue of poverty
because
of
corruption. International organizations have been working for ages to
reduce
beggary in underdeveloped nations, high level authorities do not
let
these
funds reach to ordinary
people
.
In addition
, lack of infrastructure and advanced technology
makes
it
hard
for aided countries
to utilize the grants
in a optimal manner
to
have a long term effect.
In this era of modernization, artificial intelligence plays an essential role.
Therefore
, it is much better for
developed countries
to
invest in infrastructure that will create more jobs, which will have a major impact on reduction of poverty.
For instance
, Pakistan and Chinese
government
has
initiated
CPEC
, whose main purpose is to transform Pakistan's economy by modernizing its road, rail, air, and energy transportation systems which has created several job opportunities for poor.
Moreover
, developed community should offer scholarship programs for students arriving from emergent nations, and provide them accommodations as the exchange rate is much higher for the pupils, who are coming from poor countries.
In conclusion
,
simply
handling out money to the underdeveloped countries
is not going to
end
the cycle of hardship, and
help
in other forms
must
be extended
to enable them to break free from their
current
state
.