All developing countries require a lot of money to grow in various vital sectors such as education and medical services. Some people are of the opinion that providing financial aid to these countries can help them develop. However, others believe providing and investing in businesses can facilitate an increase in the economy of developing nations. I personally agree that funding can aid countries in the process of becoming developed nations.
To begin with, providing money to developing countries can help them spend it appropriately in their areas of concerns. In other words, every country has various under performing sectors and several profitable sectors. For example, India is a fertile land so the agriculture sector makes a good profit to its income, whereas the health services sector requires a lot of work to cope up with nation's demand. Therefore, financial aid can provide flexibility for countries to spend funds according to their requirements.
On the contrary, many are in favour of an alternate approach of investing or providing businesses. This means that the developed nations can either provide fresh businesses to developing countries or they can even invest in the existing businesses of the growing countries. For example, Japan is collaborating with the Indian government to introduce 'Bullet train' concept, so that the condition of railway sector improves in India. Such actions will boost infrastructure and employment opportunities in a developing country, but also contributes to the economy of the investing country.
To conclude, although investing or providing businesses can speed up an existing sector, but a loss incurring sector requires an ample amount of finance to stabilize and become a booming one. Therefore, providing financial aid to developing countries is definitely a positive course of action.
All
developing
countries
require
a lot of
money to grow in various vital
sectors
such as education and medical services.
Some
people
are of the opinion that providing financial
aid
to these
countries
can
help
them develop.
However
, others believe providing and
investing
in
businesses
can facilitate an increase in the economy of
developing
nations. I
personally
agree
that funding can
aid
countries
in the process of becoming developed nations.
To
begin
with, providing money to
developing
countries
can
help
them spend it
appropriately
in their areas of concerns.
In other words
, every
country
has various under performing
sectors
and several profitable
sectors
.
For example
, India is a fertile land
so
the agriculture
sector
makes
a
good
profit to its income, whereas the health services
sector
requires
a lot of
work to cope up with nation's demand.
Therefore
, financial
aid
can provide flexibility for
countries
to spend funds according to their requirements.
On the contrary
,
many
are in
favour
of an alternate approach of
investing
or providing
businesses
. This means that the developed nations can either provide fresh
businesses
to
developing
countries
or they can even invest in the existing
businesses
of the growing
countries
.
For example
, Japan is collaborating with the Indian
government
to introduce 'Bullet train' concept,
so
that the condition of railway
sector
improves
in India. Such actions will boost infrastructure and employment opportunities in a
developing
country
,
but
also
contributes to the economy of the
investing
country.
To conclude
, although
investing
or providing
businesses
can
speed up
an existing
sector
,
but
a loss incurring
sector
requires an ample amount of finance to stabilize and become a booming one.
Therefore
, providing financial
aid
to
developing
countries
is definitely a
positive
course of action.