There has been considerable debate regarding whether to provide financial support to developing countries or whether to give advice and practical help to them. From my perspective, I believe that both sides are important, although giving advice and hands-on help is more beneficial, as it educates how to use the money in the proper way, which will be discussed in the following paragraphs.
Those who support the view of investing money in developing countries argue that even if the ideas are good on paper, it requires money to implement. This is because having good engineers and doctors is not sufficient without good infrastructure and facilities. For example, investing in backwards countries can improve their healthcare, transportation, schools, and industries. As a result, developing countries will have a better quality of education and life.
On the other hand, the proponents of giving advice and practical help rather than giving funds claim that it will be more beneficial. This is crucial because without having budget management and a proper plan, it leads to a waste of money. For instance, spending more funds on transportation than on healthcare and education can lead to an imperfect balance in the country; having advice can help execute the plan perfectly. Consequently, taking advice and learning management skills will help to plan the budget and execution.
In conclusion, both sides have valid points. While investing money focuses on the development of transportation, schools, and healthcare, providing advice and practical skills emphasises budget management and a good plan. In my opinion, maintaining a balance between both sides is important, as financial support helps their country grow and giving advice helps with budget planning and execution.