Even though developing countries receive financial aid from the developed, poverty is still a problem. Some people believe that in order to eliminate poverty in developing countries other forms of aid are needed.

·         To what extent do you agree or disagree?

·         And suggest what other form of aid could be offered.

Developing nations and poverty are inseparable all the monitory assistance these nations enjoy notwithstanding. In this respect, I think some other forms of help would help address poverty to an extent, but poverty eradication as such is a big deal.

It is not the other day when developing nations started benefiting from the funding of developed nations. It has been ages since, and the same is reason enough to prove that monitory aid is of no big use to address poverty. For example, financial aid may be able to do a window dressing to poverty scene; like provision for a meal a day, a few days’ work a week or supply of certain quantity of staple grains per month. But, these provisions would not help remove, but alleviate poverty peripherally. In my opinion, poverty elimination involves a lot more than external help.

Poverty, in fact, is the by-product of poor human production. Therefore, any aid that augments production would eliminate it in the long run. For example, developing infrastructure in a BOT (Build, Operate & Transfer) manner would generate employment, direct and indirect, leading to better buying power.

Technology transfer is another idea. This may help the poor harness their own natural resources. Technical knowhow for oil rigging, mining of precious metals, high yielding farming practices and the like are examples. Developed nations can do these things for a while but developing nations themselves need to run the show called removing poverty for ever.

In short, monitory assistance alone cannot remove poverty; rather there must be lasting steps to do away with it like the ones I have suggested. In my opinion, however benevolent the rich may become, at the end of the day, developing nations themselves must take bull by its horn.