You should spend about 40 minutes on this task.
The wealth gap between 1st world countries and 3rd world countries seems to be increasing. How can we reduce this gap? Do you think that developed countries have a duty to assist developing countries in every way?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
You should write at least 250 words.
First world countries are the most developed countries as oppose to 3rd world countries which are least developed.The financial gap between the two sides is increasing with every passing day. I strongly agree that developed nations have an ethical and moral obligation to support the underdeveloped countries in every possible way.
It is a known fact that world economy is being controlled by developed countries. There exist the forums like G8 which consist of top eight developed countries of the world. Global economic policies are being made during their meetings which drive the world economy. While making the policies at the highest stage of the world, members of developed countries should keep in mind the poverty in developing and under developed countries. The wealth gap between the developed and developing countries can be reduced by making economic policies which are friendly and least hostile towards the developing countries.
Apart from the policies, it is also a moral and ethical duty of developed countries to support the underdeveloped countries. A development project in an underdeveloped country will not only provide a way of growth but also create many new jobs for the local public. Similarly, Governments and NGOs of the rich countries should provide financial aid in the field of education, health, energy, etc. This will also help in reducing the wealth gap along with the development of the poor and needy nation.
In the end, it is concluded that financial and wealth gap can be reduced by making good economic policies, by investing in the development projects and by providing the financial aid. Rich countries and rich people should provide assistance to poor countries and poor people respectively.
[ Written by – Mansoor Afzal ]