Poor countries are assisted by international organizations as well as developed countries for overall development. It can have both merits and demerits depending upon the situation.
On the positive side, it will help in the development of facilities such as education and healthcare. The money received can be used to improve the quality of education, better infrastructure or to increase the number of schools and colleges. Moreover, progress in all sectors will create more employment opportunities. This will increase the percentage of people paying taxes to the government. These taxes, therefore, can be used for other purposes which will help in the upliftment of the economy. For example, many countries took monetary help during the pandemic which saved their government funds for other emergencies. This will maintain an equilibrium in financially-weak countries.
On the flipside, the under developed countries will become habitual of taking help from international sources and do not become self-reliant. They will be dependent on richer countries for their progress. Hence, this will create circumstances of dominance by richer countries. Moreover, they will try to create a monopoly so that poor countries become incapable to stand on their own. Furthermore, such international aids can influence the tradition of a nation and people get tempted by the occasion of other countries, mainly European countries. To conclude, taking international aid is advantageous if a country understands its capabilities and accept help only in case of emergencies upto a limit otherwise it will make them a puppet of international fund providers.
Poor
countries
are assisted
by
international
organizations
as well
as developed
countries
for
overall
development. It can have both merits and demerits depending upon the situation.
On the
positive
side, it will
help
in the development of facilities such as education and healthcare. The money received can be
used
to
improve
the quality of education, better infrastructure or to increase the number of schools and colleges.
Moreover
, progress in all sectors will create more employment opportunities. This will increase the percentage of
people
paying taxes to the
government
. These taxes,
therefore
, can be
used
for other purposes which will
help
in the
upliftment
of the economy.
For example
,
many
countries
took monetary
help
during the pandemic which saved their
government
funds for other emergencies. This will maintain an equilibrium in
financially
-weak countries.
On the
flipside
, the under developed
countries
will become habitual of taking
help
from
international
sources and do not become self-reliant. They will be dependent on richer
countries
for their progress.
Hence
, this will create circumstances of dominance by richer
countries
.
Moreover
, they will try to create a monopoly
so
that poor
countries
become incapable to stand on their
own
.
Furthermore
, such
international
aids can influence the tradition of a nation and
people
get
tempted by the occasion of other
countries
,
mainly
European
countries
.
To conclude
, taking
international
aid is advantageous if a
country
understands its capabilities and accept
help
only
in case of emergencies
upto
a limit
otherwise
it will
make
them a puppet of
international
fund providers.