It is argued that financial aiding is the best approach to helping countries at developing stages. I strongly agree with this statement and this essay will both explain my viewpoint and suggest different methods.
First, on the one hand, it is a widely recognized fact that money can solve almost any issue in the world, which is especially true with developing countries that frequently encounter budget problems and are financially insecure. Although there is a much greater number of developing countries than developed ones, there is a huge discrepancy in the amount of resources that developed countries command in comparison to developing ones; hence, in my opinion, a logical conclusion can be made that these developed nations should express their willingness to assist in financial terms their less financially stable counterparts.
Although, alternatively, if corruption is a prevailing issue in such countries, which is often the case, no matter how much money will be poured into the country’s budget, the problem will remain unchanged. Furthermore, the question on how to help such countries remains open, and one possible solution, from my point of view, is that developed countries should by any means try to instill the idea that corruption can be very detrimental into the minds of the young in these countries. Additionally, developed countries should be open to educate future leaders from developing nations on how to govern a country and properly allocate valuable resources, which, in turn, can make a huge difference for countries at developing stages in the long run.
To sum up, although financial aid can be considered one of the best options in helping developing nations, corruption may halt all the progress, so developed countries should also consider not he financial option but also giving insights into how everything should be arranged.