Rich countries often give money to poorer countries, but it does not solve poverty. Therefore, developed countries should give other types of help to the poor countries rather than financial aid.
To what extent do you agree or disagree?
Comments about the task:
- An opinion essay
- You must say how much you agree or disagree
- Bad economic policies
Developed countries have been providing financial aid to third world countries for decades, but it has not changed the economic plight of the poor countries. I totally agree that this aid should be replaced by other more effective types of help because of corruption and poor economic management.
The primary reason why the financial aid provided by the first world countries is not being effective in achieving the results they are intended to achieve is because of the level of corruption prevalent in these poor countries. A major portion of the aid is misappropriated by officials before it trickles down to the people. As most of these leaders are not democratically elected and have a strong grip on power, people have little leverage to change this and hence they benefit less and their situations remain unchanged.
The second reason why this financial aid is not effective is that the governments which are the recipients of this assistance do not have sound economic policies and good governance in place. This means that these governments are not capable of managing the funds properly and the aid will be lost or misused before it reaches the people. Therefore, ensuring governments are capable of managing the funds before they receive them is crucial in achieving positive outcomes from this financial aid.
In conclusion, I reiterate my strong view that other types of support are necessary because financial aid is often misused by recipient countries due to corruption and financial mismanagement. Therefore, I recommend longer term more tenable strategies be put in place to ensure financial aid can be phased out. [266 words]
developed countries =rich countries
financial aid = money for support
third world countries= countries
corruption = dishonesty
grip on power=control
leverage = power
recipients = receivers
crucial = vital, important