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Developing countries need trade, not aid.
For
- Developing countries need trade and not aid for their development. Because aid makes a country dependant on other countries for their requirements.
- Only trade can enhance the economic growth of a developing country by developing better relations with other nations.
- Aid is short term solution to any problem but trade is a long term solution to a developing country’s problems. A developing country like India needs trade which will provide various opportunities within the country to improve its current situation
- Developing trade boosts the confidence and pride of people with in the country.
- It develops more entrepreneurs and generates opportunities for job seekers.
Against
- Aid is required to set up the business.
- Trade is important for a developing country like India but to do trade they need financial stability.
- Developing countries first need to have stable economy and for that they will require aid from the countries which have high economies of scales.
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