There is a view that well-off countries should provide poorer countries with other types of opportunities to resolve their issues rather than allocating money itself. While some people oppose this notion since less better-off nations boost economic growth by gaining financial aid, I strongly argue in favor.
Admittedly, in order to remedy the situation of impoverished nations the importance of financial aid can not be ignored. This is primarily because most nations face long-term difficulties – mass starvation, homelessness and poor infrastructure – due to lack of money. That given by developed countries may be dedicated for purchasing crop seeds in agricultural field, increasing availability of affordable housing units and advancing road safety, which brings about good transportation systems and exporting facilities. These mean that were it not for money given by rich countries, financially-deprived ones would not tackle their problems.
However, we should not disregard what is the root cause of poverty. If there had not been technological ignorance and high unemployment rates, those countries would not undergo economic scarcity. Maximizing study quotes at the top universities for volunteers from poor nations can foster illiterate residents to study, increasing the number of tech-savvy individuals who incorporate modern technologies in their native countries. A case in this point is Canada, the country establishing scholarships and accommodations for international students. Furthermore, implementing factory branches in poorer countries would be another effective measure for job creation. A Coca-cola, for example, provides employment opportunities, invests in infrastructure, and sometimes funds local community projects. This highlights the significance of other types of help.
To conclude, financial aid plays a crucial role in advancing economy. However, I am convinced that other alternatives contribute to public literacy and job availability.