The wealth gap between 1st world countries and 3rd world countries seems to be increasing. How can we reduce this gap? Do you think developed countries have a duty to assist developing countries in every way?
The level of economic growth in developed and developing countries is ever increasing these days. I believe that wealthy countries should be responsible for the development in poor ones because most have an uncomfortable history of colonization. The assistance can be distributed through funds and aids by international organizations.
To begin with, many of the underdeveloped countries have the experience of being colonized by 1st world countries. In the process, the ruling nations accumulated their wealth by exploiting natural resources and labour in their colonies. This exploitation has deterred colonized countries from developing even after their liberation. Therefore, developed countries in the 1st world should be responsible for reorganizing the economy and social structure of their previous colonies. For instance, Japan has invested a huge amount of resources by building plants in its past colonies in Southeast Asia to boost their economy. As a way of taking responsibility for what they have done in the past, developed countries should help developing countries to be financially and socially independent.
In order to do so, international organizations can act as a medium to reduce the wealth gap between developed and developing nations. Funds and aids from trans-national organizations are invested in improving the social structure of developing countries and providing education with children, which ultimately contribute to boosting the economy. For example, UNESCO has spent a huge amount of money for decades on offering free education for children in Africa by building schools and training teachers. This investment has started to see its result because many young africans are working in various sectors to improve the financial condition of their countries.
To recapitulate, the wealth gap between countries in the 1st world and 3rd world should be reduced by developed countries taking responsibility for their past of exploiting resources and labour through colonization. In doing so, wealthy countries can provide funds with international organizations which would invest their resources in boosting the economy of developing countries.
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