Topic: Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other types of help to poor countries rather than financial aid. To what extent do you agree or disagree?
In an attempt to alleviate poverty, developed countries often provide money to help underdeveloped countries. However, some people argue that this aid cannot resolve the root of poverty and that rich countries should offer other forms of assistance packages than financial aid. In this essay, however, I will challenge this thinking.
First of all, while some people claim that providing money cannot change the state of poverty, this point of view overlooks two important points. The first one is how money is allocated reasonably. This greatly depends on the role of the government in identifying the priority areas that need money to improve the living standard. However, while implementing policies to support the poor, there are some downsides such as bureaucracy, corruption, and so on, leading to a lack of consistency in policy and inefficiency while utilizing the aid funds. The second aspect is about the continuity of financial assistance flow, which is mainly seen under short-term aid. This can partly explain why, in some poor countries, they do not have enough money to cover their citizens' basic needs. Thus, the success of the fight against hunger and poverty depends mainly on how the money is used and the long-term sources, not on the types of aid.
Moreover, poverty cannot disappear, even when rich governments replace money with other types of aid. Although exchange education, employment training, and infrastructure aid can be ideal solutions, they still need financial resources to launch if they want to maintain these activities in the long term. Furthermore, to boost the standard of living of people, the government still needs to spend money on social development as a whole. Therefore, it would be better to combine financial aid and other forms to help poor countries achieve comprehensive and self-sustainable development.
In conclusion, poverty is a long-term issue, and to solve it effectively, the money provision of rich countries is still a great source for poor countries to improve their living standards. However, financial aid and others will only work if the government has flexible and reasonable policies to utilize the funding sources best.
In an attempt to alleviate poverty, developed countries often provide money to help underdeveloped countries. However, some people argue that this aid cannot resolve the root of poverty and that rich countries should offer other forms of assistance packages than financial aid. In this essay, however, I will challenge this thinking.
First of all, while some people claim that providing money cannot change the state of poverty, this point of view overlooks two important points. The first one is how money is allocated reasonably. This greatly depends on the role of the government in identifying the priority areas that need money to improve the living standard. However, while implementing policies to support the poor, there are some downsides such as bureaucracy, corruption, and so on, leading to a lack of consistency in policy and inefficiency while utilizing the aid funds. The second aspect is about the continuity of financial assistance flow, which is mainly seen under short-term aid. This can partly explain why, in some poor countries, they do not have enough money to cover their citizens' basic needs. Thus, the success of the fight against hunger and poverty depends mainly on how the money is used and the long-term sources, not on the types of aid.
Moreover, poverty cannot disappear, even when rich governments replace money with other types of aid. Although exchange education, employment training, and infrastructure aid can be ideal solutions, they still need financial resources to launch if they want to maintain these activities in the long term. Furthermore, to boost the standard of living of people, the government still needs to spend money on social development as a whole. Therefore, it would be better to combine financial aid and other forms to help poor countries achieve comprehensive and self-sustainable development.
In conclusion, poverty is a long-term issue, and to solve it effectively, the money provision of rich countries is still a great source for poor countries to improve their living standards. However, financial aid and others will only work if the government has flexible and reasonable policies to utilize the funding sources best.
