Rich Countries Often Give Money To Poorer Countries, But It Does Not Solve Poverty | Band 7.5 IELTS Essay Sample
Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other types of help to the poor countries rather than financial aid. To what extent do you agree or disagree?
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Band 7.5 IELTS essay sample
Poverty persists in developing nations even after receiving financial aid from prosperous countries. Hence, some argue that apart from financial aid, developed nations ought to provide other types of help. In my opinion, in order to enable a developing nation to fight poverty, developed countries should give them access to technology and help them educate their people.
One of the main reasons why financial aid fails is that poor nations are corrupt. Foreign aid almost never reaches the poor people. Rich countries can prevent this situation to a great extent by overseeing how their money is spent. For example, if the money is for building roads, they should supervise that work. They can have their agencies doing that work. This will ensure that money is being used for the right purposes.
However, money alone will not solve the problems of poor countries. One reason why poor nations remain poor is that they do not have access to technology. An effective solution to this problem is to share technology with them. Poor countries do not have access to high end technology. Rich countries, for example, can share advanced farming techniques with poor nations. This will improve their yield. They can offer high yield seeds free of cost. They can supply vaccines and other life saving medicines at subsidized prices or for free. They can allow students of poor countries to study in their countries under various exchange programs. They can also build schools and colleges in poor countries to help their children receive education.
In conclusion, financial aid is essential for a nation, but with financial aid alone a country cannot develop its wealth. I believe, apart from monetary help, developed countries should provide technology transfer to improve living standards in poor countries.
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