Should rich countries help the poor?
OR
These countries should use their own resources to help
themselves?
In the
modern era all countries of the world are becoming linked. And there are three
type of countries in all around the world which are Developed countries,
Developing countries and third world countries. In this modern age third world
countries of Africa are still living in poverty and the condition
of natives of these countries is
miserable. These countries do not have natural resources. These countries
should be helped by the rich countries economically.
An
important way to help the poor and developing countries is to do “Free trade
agreements”. Trade agreements allow a nation to specialize in what they are
productive in.
These
agreements open the ways for foreign investment. There are so many examples in
the world that by free trade agreements following countries grown up their
economy:
Israel has benefited from free trade with the US. And Chili has also develop its economy by free
trade agreements.
Countries like, South Korea, Taiwan,
Ireland, Singapore, Chile, and so on were much poorer
nations a generation ago. But now these all countries are grown due to opening
up trade.
It
is estimated that, when China
began to open up the trade in 1979, about 200 to 400 million people have moved
out of poverty.
An
other way to help poor countries is to
remove subsidies. So that imported goods from
poorer countries can compete fairly. Third way
to help the poor countries is to wave off their debts.
There are many demerits of
economical aid as follows:
Due to corrupt government of a
country billions of
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dollars of aid goes missing. Foreign
aid project may be unsuitable for the target country. Also the agencies start industrial
projects and these agencies do not involve the local people or these project
fail with in few years.
Much more aid is returns to the
donor also.
The most important way to help the
poor countries is to help them in technology so that these poor countries
should able to use their own resources. There are many developing countries in
the world which have natural resources but these countries do not have
technology to utilize these resources. For example in Pakistan there are many
natural resources of “Coal” but most of them are unutilized because the lake of
funds and technology.
Rich Countries should help these
countries in these manners that poor countries should able to be independent
after few years. Just economical aid is not necessary to help the poor
countries industrial aid is also needed.
But in the case of “third world”
countries economical aid is helpful because these countries do not have their
own resources. That is why these countries should be helped by the rich and
developed countries.
Furthermore poor and developing countries should try
their best to use their own resources and should avoid from foreign aid. These
countries should use their own machinery and all other products and try to be independent.
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