Today, all countries are at various level of economy and manufacturing, thus, some people think that indigent nations should be helped with another types of aid instead of financial one by wealthy countries. I agree with this notion due to some reasons to consider.
Admittedly, all nations are not the same as developed ones at socio-economic status, as a result of this, some poorer countries have to take economic aid in order to resolve penury. But this might not be always sensible solution. However, few countries may manage to fend for themselves owing to this, most ones cannot, in lieu of getting developed, they might run a great loan up. Take the statistics as an example – reported by the World bank – 76 countries around the world owe more than 50 mln. $ on this bank.
Even though, financial help does not serve properly, there exist another factors to take a solution for this issue in place of fiscal aid. In my view, penurious countries ought to take instructions from developed ones in order to achieve a betterment on industry, tourism and the like, which can be more beneficial for finance rather than other aspects. For instance, the government of Japany preferred to take advantages of other nations’ industrial directions such as Germany after WW II. Nowadays, it is undeniable that japanese industry and economy stand at one of the highest levels.
To conclude, I advocate the notion that industrial countries ought to give other types of aid to the undeveloped ones rather than monetary
support.