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Developed countries often give financial aid to developing countries, but it does not solve poverty so developed countries should give other types of help to the poor countries rather than financial aid.

Do you agree or disagree?

What other kinds of aid could be provided to those countries?

It is the fact that wealthy countries subsidize money to poorer countries but it does not change their economic situation. I suppose that the undeveloped nations would better off to be given other forms of help than financial support.

On the one hand, there are two main reasons that receiving money from rich countries does not help poor nations out of their tough time. First, many support funds are not strictly and properly monitored. Chances are that most of the funds would be appropriated by authorities for personal purposes. Second, financial aid is a temporary solution which is not effective in the long term.

Continuing to give the underprivileged countries money, in all probability, will make them increasingly reliant on the richer nations.

On the other hand, poor countries are bound to benefit from both educational and healthcare support. In term of knowledge and technology transfer, they are instrumental in driving the developing countries forward. Given that politics and businesses are strong points in wealthy countries learning from them and taking advantage of inventions and developments are reasonable ways to step into the modern world. Furthermore, investing in building hospitals in underprivileged countries could create an opportunity for more people to get treatment. Having good health, people can earn their living and make ends meet.

In conclusion, I believe financial aid is misused by budget management and corruption. Therefore, these other types of support should be given to poor countries instead.