I very much agree on the fact that money, alone, does not and will not solve poverty. And that rich countries should give other types of help to poorer countries rather than financial aid.
In my opinion, education is the most important resource that rich countries could share with developing countries, whether via scholarships to the residents of the poorer countries or by establishing accredited institutions in the developing countries.
This is my opinion solely because money alone will not give the people of the poorer countries the knowledge of how to access a new standard of living. It will merely be used as a crutch for paying out international debt or to import essential and vital crops and resources. Education on the other hand gives the people, and more importantly, the desicion and policy makers, the knowledge required to better manage those financial aids. Examples of such is are of the likes of improving infrastructure, improving the poor countries educational system, and funding the research of needed knowledge areas to cope with the developed countries.
Another reason for my agreement with that opinion, is that financial aid, alone, is only a temporary solution to a long-lasting problem. Poverty does not mean low income alone, but it means a lower place in Masslow’s hierarchy of human needs. Thus, by giving out money alone, we are not addressing the root of the problem. Poverty means a lack of resources, such as intellectual and spiritual resources, as well as financial resources. And if we don’t divise a plan for continued development, the poorer countries will remain poor.