Nowadays many world wide organizations are providing financial assistance to developing countries. However, a group of people advocate that financial support is required but some technical help would be more useful. This essay will discuss both the view points before arriving at a conclusion.
There are several reasons why monetary help is beneficial for developing nations. Firstly, many emergent countries are struggling with the problems related to basic infrastructure like roads, railways and public transportation. Therefore, they need financial support from external bodies to complete unfinished projects and also to launch new ones. Secondly, a number of developing and undeveloped countries are not able to provide basic facilities to their citizens. For example, millions of people living in poor countries still do not have access to food, water or sanitation.
In order to provide these basic requirements, the government needs funds from international companies. For instance, according to a report submitted by WHO, 88 percent of developing nations are taking advantage of financial support provided by the World Bank. As a result, billions of people from across the world are able to get access to basic facilities.
However, financial aid alone will not help. Developing nations also need technical support and practical advice. It has been observed that the money sanctioned by world agencies for development is not always utilized for the right purpose. Instead, it is used by corrupt politicians to serve their interests. Therefore, many developing nations are facing issues like corruption, scams etc. It would be quite helpful if they can also get some practical support and advice to boost their economy.
In conclusion, international organizations should help developing countries to grow by providing financial support. However, in my opinion, it is equally important to provide some practice advice as it will help them overcome their problems.
Nowadays
many
world wide
organizations are providing
financial
assistance to
developing
countries
.
However
, a group of
people
advocate that
financial
support
is
required
but
some
technical
help
would be more useful. This essay will discuss both the view points
before
arriving at a conclusion.
There are several reasons why monetary
help
is beneficial for
developing
nations
.
Firstly
,
many
emergent
countries
are struggling with the problems related to
basic
infrastructure like roads, railways and public transportation.
Therefore
, they need
financial
support
from external bodies to complete unfinished projects and
also
to launch new ones.
Secondly
, a number of
developing
and undeveloped
countries
are not able to provide
basic
facilities to their citizens.
For example
, millions of
people
living in poor
countries
still
do not have access to food, water or sanitation.
In order to provide these
basic
requirements, the
government
needs funds from international
companies
.
For instance
, according to a report submitted by WHO, 88 percent of
developing
nations
are taking advantage of
financial
support
provided by the
World
Bank.
As a result
, billions of
people
from across the
world
are able to
get
access to
basic
facilities.
However
,
financial
aid alone will not
help
.
Developing
nations
also
need technical
support
and practical advice. It has
been observed
that the money sanctioned by
world
agencies for development is not always utilized for the right purpose.
Instead
, it is
used
by corrupt politicians to serve their interests.
Therefore
,
many
developing
nations
are facing issues like corruption, scams etc. It would be quite helpful if they can
also
get
some
practical
support
and advice to boost their economy.
In conclusion
, international organizations should
help
developing
countries
to grow by providing
financial
support
.
However
, in my opinion, it is
equally
important
to provide
some
practice advice as it will
help
them overcome their problems.