Developed nations are often seen providing economic assistance to the third world nations. However, it does not always help in reducing poverty and therefore it is argued that less affluent nations must be provided with an alternatives form of aid. This essay discusses why poor countries can be better off from such assistance and types of help that can be offered.
One of the main reasons why developing nation should be assisted in other ways is because money can solve problems only for the temporary period. It is not a long-lasting approach to tackling poverty. To illustrate, a developed nation can build schools for poor nations but the expenses that incur later in regards to student's fees and teacher's wages may force to close the institution. This is because foreign aid may not be able to support for longer periods. Thus, it is highly essential that developed countries should find alternatives when helping the poorer nations.
There are different kinds of aids that affluent nations can provide to address this problem. First and foremost, young people could be given necessary training in various fields such as technology, modern agriculture, teaching, technical skill, communication etc. This helps them to find employment in their own countries or they can apply jobs to other rich nations. Another important option is investing in prosperous and promising sectors in the poor nations. If first world nations such as the USA opens its companies in third world countries like India, Pakistan, Nepal etc. many people can be highly benefited as such industries can create many local jobs.
In conclusion, there are many advantages if rich nations can provide alternative forms of aids instead of capital because financial support is only the short term approach to tackling the issue. In future, it is suggested that such new approaches need to be continued.
Developed
nations
are
often
seen
providing economic assistance to the third world
nations
.
However
, it does not always
help
in reducing poverty and
therefore
it
is argued
that less affluent
nations
must
be provided
with an alternatives form of
aid
. This essay discusses why poor
countries
can be better off from such assistance and types of
help
that can
be offered
.
One of the main reasons why developing
nation
should
be assisted
in other ways is
because
money can solve problems
only
for the temporary period. It is not a long-lasting approach to tackling poverty. To illustrate, a developed
nation
can build schools for poor
nations
but
the expenses that incur later
in regards to
student's fees and teacher's wages may force to close the institution. This is
because
foreign
aid
may not be able to support for longer periods.
Thus
, it is
highly
essential that developed
countries
should find alternatives when helping the poorer nations.
There are
different
kinds of
aids
that affluent
nations
can provide to address this problem.
First
and foremost, young
people
could be
given
necessary training in various fields such as technology, modern agriculture, teaching, technical
skill
, communication etc. This
helps them to find
employment in their
own
countries or
they can apply jobs to other rich
nations
. Another
important
option is investing in prosperous and promising sectors in the poor
nations
. If
first
world
nations
such as the USA opens its
companies
in third world
countries
like India, Pakistan, Nepal etc.
many
people
can be
highly
benefited as such industries can create
many
local jobs.
In conclusion
, there are
many
advantages if rich
nations
can provide alternative forms of
aids
instead
of capital
because
financial support is
only
the short term approach to tackling the issue.
In future
, it
is suggested
that such new approaches need to
be continued
.