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December 1, 2016

Sharing of wealth among wealthy nations and poor nations

Various nations around the world have recorded disparities in their economic strength. Wealthy nations are economically stable while the poor nations lack enough resources to cater for their citizens. Some individuals support the idea of wealth sharing while others argue that individual nations should handle their citizens’ welfare. However, poor nations lack enough resources to provide basic needs such as food, water and education (Rychbosch, 2015). Sharing of resources will assist the poor countries to provide a decent life to their citizens. Hence, sharing of wealth becomes an important aspect of humanity.

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Through donations of essential commodities, wealthy nations save numerous lives in the poor nations. Most poor nations experience periodic drought periods. Wealthy nations can help the poor nations through donations of food to feed the drought-hit regions. Situations in the poor nations become worse due to man-made calamities such as war mostly due to conflicts arising from sharing of resources (Rychbosch, 2015).  In a case of a natural calamity such as prolonged drought seasons, the wealthy nations can assist the poor nations to stand on their own by initiating long-term solutions such as irrigation schemes. Sometimes, the poor nations require urgent help, which is not always available from their government. For example, in an event such as an earthquake, immediate help is always of paramount importance. The governments of the wealthy nations should establish rapid help units to assist the poor nations in case of emergencies (Mankiw, 2010; Norton, 2002).  Rapid response from the wealthy nations helps in saving lives.

The world has enough resources to cater for all its inhabitants. It is upon the wealthy nations to assist the poor nations to stand on their own. Sharing of the wealth will enhance equality in humanity.

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