Why strong economies should support countries weak economies Essay

Why strong economies should support countries weak economies - Essay Example The paper tells that aiding underdeveloped countries by the industrialized countries is a very noble character since human nature is protecting and helping others. It is therefore worth understanding that helping poor countries is an internationally common practice whose main motive is based on moral obligation. Aiding underdeveloped nations act as an additional resource that empowers countries to develop themselves economically by financing their own projects. A humanitarian concern is the main reason behind helping poor countries. Funds or any aid offered to an underdeveloped country by the industrialized nation may assist in carrying out very important projects and programs such as elimination or reduction of diseases and poverty. This is because most poor countries are not able to raise funds that can help them in undertaking such kind of programs. Aiding is important because ‘It’s a necessity in eradicating third world poverty’. Availability of cheap labor in the Asian and other colonized countries as well as slavery catapulted economic development of the developed countries. Also, for harmony and peaceful coexistence, industrialized nations should act responsibly by helping the poor countries. It should be noted that ‘it is a moral duty to help those less fortunate than you’. Assistance by the rich countries may also be accompanied with technological transfer particularly when the aid is technical in nature and this may be of great help in boosting the economic growth of the underdeveloped countries. Moreover, the aid may come with training and education that may be of great use in promoting various infrastructural and human developments that are useful in propagating economic growth. Indeed ‘aid helps train teachers, buy textbooks for school’. Issuing aids further help in promoting the relationship between the developed and underdeveloped countries. By supporting countries experiencing financial difficulties, the strong economies tend to exercise equality in various sectors such as education, clean water, and healthcare. Supporting education and healthcare programs may boost literacy and health levels thus enhancing harmony in global development and reduces diseases and infections which may perhaps spread to the rich countries if proper treatment is not taken. Even for countries that do not need aid ‘at the end of the day, it is a matter of life and death’. On the other hand, giving an aid may not be the best thing to do to underdeveloped countries because of several negative effects and intentions it has on the underdeveloped nations.