WEEK 8 470 Essay Example | Topics and Well Written Essays - 250 words

WEEK 8 470 - Essay Example It is astonishing to know that the GDP of the world’s 47 poorest countries (approximately 570 million people) is far less when compared to the combined wealth of the world’s top ten wealthiest people.(Kroll, 2007).This wide gap can be bridged by strengthening the purchasing powers of the affected countries. According to Jack another area to tackle would be writing off debts owed by the poorest of countries. This would in essence enable the country to concentrate her resources to feeding her people and to put measures in place to curb poverty. On the same point Jill proposed technological assistance to the poorest countries. With improved technology and better farming practices, the yield per acre can go up to five-fold the current production rate. Another proposal by Jill to increase loans and funding to poorer countries was opposed by Joe. His reasoning was that giving loans without monitoring the money was in itself an act of futility. Indeed the poorest nations also ranked very high in corruption index. Controlled grants are so far the most viable solution in financial