It is generally believed that by providing aid to poor countries, the rich countries could solve one of the most critical issues which is the world poverty. While it would partly help improve the situation, I do not agree that the poverty can be solved completely just by giving large amounts of money.
First of all, by doing so, the governments has already forgotten the fundamental, underlying causes of poverty, which are based entirely on the policies and regulations themselves. In fact, this can only be served as a temporary solution and does not necessarily bring any long-term benefits or impacts to the current poverty situation. If governments of poor countries insisted on having no reinforcements on their regulations, consequently, there would be no improvements in the economy, hunger and poverty would still remain. The government agencies themselves have to play crucial roles in improving the current situations.
Second, if governments from poor countries continuously receive financial aid from the more developed ones, it will eventually give them a sense of reliance. In other words, they might have to constantly depend on the help of other countries and cannot take control over the situation. Greece debt crisis is a famously known example in this case. Back in the days, Greece used to to carry too much debt, to the point where the government had to declare bankruptcy. As a part of the Eurozone, they are forced to seek out the help from other EU countries for several bailouts in order to pay the debt. However, Greece still remained a poor country compared to other members of the Eurozone and has not been able to recover their economy since.
In conclusion, while it might be a fairly good approach to fund poor countries to reduce poverty, it would require more efforts, especially on the poor countries side, to completely erase hunger and improve their economies.
It is
generally
believed that by providing aid to
poor
countries
, the rich
countries
could solve one of the most critical issues which is the world
poverty
. While it would partly
help
improve
the situation, I do not
agree
that the
poverty
can
be solved
completely
just
by giving large amounts of money.
First of all
, by doing
so
, the
governments
has already forgotten the fundamental, underlying causes of
poverty
, which
are based
entirely
on the policies and regulations themselves. In fact, this can
only
be served
as a temporary solution and does not
necessarily
bring any long-term benefits or impacts to the
current
poverty
situation. If
governments
of
poor
countries
insisted on having no reinforcements on their regulations,
consequently
, there would be no improvements in the economy, hunger and
poverty
would
still
remain. The
government
agencies themselves
have to
play crucial roles in improving the
current
situations.
Second, if
governments
from
poor
countries
continuously
receive financial aid from the more developed ones, it will
eventually
give them a sense of reliance. In
other
words, they might
have to
constantly
depend on the
help
of
other
countries
and cannot take control over the situation.
Greece debt
crisis is a
famously
known example
in this case
. Back in the days, Greece
used
to to
carry too much debt, to the point where the
government
had to declare bankruptcy. As a part of the Eurozone, they
are forced
to seek out the
help
from
other
EU
countries
for several bailouts in order to pay the debt.
However
, Greece
still
remained a
poor
country
compared to
other
members of the Eurozone and has not been able to recover their economy since.
In conclusion
, while it might be a
fairly
good
approach to fund
poor
countries
to
reduce
poverty
, it would require more efforts,
especially
on the
poor
countries
side, to completely erase hunger and
improve
their economies.