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Rich Countries Are Getting Richer While Poor Countries Are Getting Poorer

Rich countries are getting richer while poor countries are getting poorer due to a lack of advanced technologies and lower human development in poor countries. Poor countries do not have the equipment, technology, or resources for industrialization and agriculture, contributing to lower yields and economic instability. Wealthy countries are increasing production through technological advances while poor countries cannot keep pace. However, developed countries and organizations can help decrease the gap by providing humanitarian aid, loans, and funds to support development programs in poorer nations.

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Erika Patrasca
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201 views1 page

Rich Countries Are Getting Richer While Poor Countries Are Getting Poorer

Rich countries are getting richer while poor countries are getting poorer due to a lack of advanced technologies and lower human development in poor countries. Poor countries do not have the equipment, technology, or resources for industrialization and agriculture, contributing to lower yields and economic instability. Wealthy countries are increasing production through technological advances while poor countries cannot keep pace. However, developed countries and organizations can help decrease the gap by providing humanitarian aid, loans, and funds to support development programs in poorer nations.

Uploaded by

Erika Patrasca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Rich countries are getting richer while poor countries are getting poorer.

For many decades, the huge gap has been seen between wealthy countries and underprivileged
countries. The main reason behind this is that prosperous nations could expand the growth by
means of the modern technologies while developing countries could not because of the lack of
these technologies. Despite this huge gap, there are some steps if taken collectively, this
difference could be decreased.
There are many reasons behind the expansion of the differences between countries. Firstly, poor
countries do not have advanced types of equipment and technology for industrialization which is
quite necessary for the development of any civilization. For instance, they are still using basic
ways to cultivate and harvest their crops owing to which, they could not get enough yield for the
total population. Secondly, there is a low Human Development index because of lower life
expectancy, education and per-capita income. They are still fighting with all these dilemmas to
stabilize the economy. Thirdly, richer countries are increasing their wealth by means of higher
production through the fast-paced technological advancement. Finally, developed countries have
higher literacy and lower unemployment contributing more steady economy. Thus, due to lack of
resources and skills, underdeveloped countries could not keep pace with the developed ones.
However, there are many measures to be taken to decrease this space. Firstly, developed
countries can start the humanitarian programs to provide the aids for the needy citizens of the
third world countries. For instance, they could motivate the students to take a gap year for
volunteering in training programs. Also, they can export the contemporary instruments free of
cost. Secondly, the world organizations can help the poorer by providing a subsidized reservoir.
They can also provide loan for the different evolution strategies. A prime example of this is the
world health organization granted large fund to India for the mead day meal scheme and woman
development plans. Thus, affluent states and other agencies can support the poverty stricken
provenance for rapid advancement for their countrymen.
To conclude, developed countries are using their expertise for the well-being of their
communities but the less developed territories are still struggling to cope up with the quandaries
like penury, lower life expectancy and HDI etcetera. Nevertheless, only well-developed nations
and agencies could provide assistance so that they also could rub their shoulders with this fast-
paced world.

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