Explain the Difficulties That Developing Nations Experience Essay Example
The challenges faced by developing nations in breaking the poverty cycle can be attributed to the interconnectedness of nations through global communications, technology advancements, and space exploration. While developed countries were experiencing economic growth, developing ones were sinking further into poverty. The significant reason for this disparity lies in the inability of evolving nations to overcome the poverty cycle. Breaking this cycle proves to be particularly difficult in developing nations, despite its existence in every country.
In this essay, we will explore the obstacles faced by developed nations as they strive to break this cycle. One major hindrance is the limited funding from both the government and global community in countries where poverty is widespread. Money serves as a universal language that everyone understands and utilizes, making financial resources crucial for escaping poverty. However, in developing nations, governments often alloc
...ate significant funds to welfare and food distribution programs, leaving little or no resources available to lift the country out of poverty.
This lack of affordability for essential services such as education, healthcare, and improved agriculture equipment defines developing nations.Furthermore, the issues that were initially meant to counter high mortality rates are exacerbated by rapid population growth and also contribute to increased poverty. The strain on the government and its resources becomes even more significant due to the continuous increase in population. For example, instead of providing welfare to one million people, now the government has to support two million individuals. Consequently, developing countries are compelled to allocate a considerable portion of their budget towards the growing population, leaving little room for investment in crucial services such as healthcare, education, and sewage treatment that could help alleviate poverty.
Moreover
heavy debt worsens the poverty cycle in many developing nations. These countries are classified as heavily indebted poor countries because they have borrowed significantly from developed nations and face difficulties in repaying those loans. As a result, developing nations face challenges due to high debt and demands from lender countries. They must allocate a substantial part of their revenue towards loan repayment, leaving only a small amount available for investment. Despite receiving substantial loans from multiple countries, these nations still bear a significant burden of debt that greatly hampers their ability to break free from the poverty cycle.The cycle of poverty is driven by diverse problems, each demanding unique solutions. To curb the spread of diseases, vaccinations play a vital role, whereas addressing high illiteracy rates necessitates education. Despite developed nations' endeavors to aid underdeveloped ones, a significant gap remains to be bridged in order to break the cycle of poverty.
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