It is indeed true that developed nations are becoming wealthier and impoverished countries are getting less affluent in present times. This essay will articulate some of the reasons behind this phenomenon, as well as the effects it generates.
To commence with, one of the factor contributing to making any country rich and poor is the unequal job opportunities. To elaborate it, in today’s technological age, the jobs are the prime sources of making nations well-off, but few countries are able to provide work to their citizens while rest of the countries are unable doing it, resulting in they lead to underprivileged standard of living. This incapability of not delivering enough employment lends to the list in poor nations. To instance, a survey had been conducted by the newspaper The Economic Times of India in 2019 that unemployment rates are the predominant cause behind any impoverished nations. As a consequence, they may struggle with various problems such as lack of advanced healthcare system, scarcity of foods, and more.
Secondly, another significant factor leading to one country towards richness and poverty is corruption. In other words, the nations who have a corruption free government they are indeed developed more as compared to whose have a corrupt administrations. For example, the Global Corruption Report revealed that 7 out of 10 countries struggling with corruption worldwide. As an effect, they might face multiple challenges from inadequate roads system, lack of basic facilities, and bribery system in their public offices.
In conclusion, inequality of wealth among different countries on the rise due to the combination of causes such as imbalance of jobs options and rising corruption, leading to affluent nation making more rich and poor to more impoverished.