One way that rich countries interact with developing nations is through offering foreign aid. It is a good thing for modern states to provide relief to help in the economic growth of developing countries. International organizations are also involved in promoting peace in the third world countries. However, there are some advantages and disadvantages related in giving aid to developing countries.
It takes time for a developing country to raise money to support projects such as building schools and hospitals. The money offered by international donors help in creating a balanced economy and reduces strain on other sectors like food security. Through foreign aid, developing countries learn how to control their population. Overpopulation is one of the aspect that causes poverty because of the high number of people without jobs (Kenworthy, 2011). International aid is more concerned with the welfare of developing countries as well as that of the citizens.
Offering support to third world countries has some disadvantages. The countries being supported may become reluctant in working hard, and people may become lazy (Healey, 2012). The countries may get too comfortable because of the help offered to them and forget that they have to work hard to improve their lives. Secondly, the money provided for support is not adequately monitored, and this may make the local government corrupt.
In conclusion, there are benefits and problems of giving aid to developing countries. It is good for people to help each other in times of need and this helps in promoting peace. The money offered by donors should be carefully monitored to avoid corruption.