Developing country Essay Example for Free

Developing country Essay Today’s world has been divided into developing and industrialised countries which the main difference between them is the amount of money that governments apply in important sectors such as education, health and commerce. Most of the poorer nations are buried in debts as a result of their unbalanced finances which are reflect in a failed health care, an unstructured education system and a weak international trade. This vicious cycle will continue indefinitely unless wealthier nations show interest in minimizing the worldwide economic differences, as well as taking more responsibility for assisting unfortunate countries. Most of the African countries live in sub-human conditions because of the extreme poverty, upheaval, hunger, disease, unemployment, lack of education and both inexperienced and corrupt administrations. The devastating consequences of the AIDS epidemic in those countries could improve if the infected populations receive free drugs to control the disease, have access to health professionals and get information on how to prevent its spread. But this can only be achieved through international help programs in which leaders of the world’s richest countries donate medicine and also send doctors and nurses to treat and educate those in need. Moreover, most of the poor countries rely on selling agricultural products and raw material to rich nations and buying industrialized products from them resulting in a huge financial deficit. Consequently, they borrow a significant amount of money from the World Bank to try to improve their broken economies, but sometimes the money disappears with no significant changes and they cannot even pay the interest to the bank. Regarding this issue, last year the G8, which is comprised of leaders of the eight richest nations, decided to forgive billions of dollars worth of debt owed by the world’s poorest nations. In addition, they developed adequate loan programs to financially assist those countries. In conclusion, leaders of the industrialised countries play an indispensable role in assisting developing nations deal with essential areas such as health, education and trade. Also, their aid is the key to breaking the vicious cycle, which results in poverty and death.