Some people think that developing countries need financial help from international organizations to continue their development. Some people argue that practical aid or advice is more useful. Discuss both views and give your own opinion.
People’s views vary on whether developed countries will provide financial or functional assistance. This essay strongly believes in book that practical assistance will contribute significantly to these countries ‘ long-term growth.
To commence with, getting monetary support plays a crucial role in alleviating a country’s various economic problems. The amount of money is likely to make a huge difference in different ways. As far as transportation is interested, the government should devote its budget to railway construction in order to slow down traffic congestion. As far as healthcare is concerned, it is important to provide free medical services to the ethnic minority in the local territory or to raise public awareness through national campaigns. However, fiscal aid would also temporarily lift the poor out of hunger and is used to construct several factories that create jobs for millions of people.
On the other hand, while grants may be misused for wrong reasons, the control of practical support is easier to take. This would result in long-term steps for developing nations ‘ problems. In order to carry out a few training programs for local workers, the prosperous countries could spend highly qualified experts to such nations. For example, Vietnam has an agricultural economy; but, due to the lack of advanced technology, has been struggling with low productivity for several decades. In this sense, if Japanese advisors flew to Vietnam to introduce state-of – the-art technology, for example, it would be beneficial for Vietnam. Therefore, practical assistance tends to offer a broader range of benefits than fiscal help.
In addition, practical help should be given priority over monetary assistance in developing territories. If these nations want to achieve a strong economy, international institutions need to make a realistic contribution.
SYNONYMS
1. URBANISED
2. SUPPORT
3. SHIPPING
4. ALTERNATIVE
5. A NUMBER OF
6. TAINTED
7. AFFLUENT
8. A FRAMING
9. BEING UP
10. HELP