There are various reasons as to why there is a need of world development. Seeing as how far the developed world has come in terms of technological advances, it only makes sense that the rest of the world should be able to have the same kinds of advantages that richer countries have. Many countries still live in poverty so it is fair to have the more developed nations raise aid to help them become more developed. Another way they can help them come out of their poverty is by reducing or even canceling the debts that these countries have. This is due to the fact that most of the time they follow a poverty cycle - that is they take loans from richer nations to help pay off other debts but this plunges them further into debt. This is because the interest on the debt increases over time which becomes too much for the country to pay off. As a result, these countries are unable to provide basic services such as sufficient nutritional provisions, healthcare, education, housing developments etc. The cycle starts over as they end up having to borrow further money in order to provide these essential requirements, which in turn land them into deeper debt.
As time goes on however, technology will continue to become more advanced and this new technology will affect the way things are done. Let it be in terms of education, healthcare, economy etc. the technological ad...
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...verty would be very small considering the fact that world development is about helping other countries not hindering their progression to becoming more prosperous nations. The debts would most likely have been significantly reduced or even cancelled in order to break the poverty cycle. If a country needs to take out another loan so as to purchase necessary technology and they make money from the results of the loan they had to spend, by the time they become developed enough they would have been able to pay back the loan. Competition created between nations may not always be a bad thing as it can encourage them to set up organisations that can help boost the economy. If nations are developed enough, they would be able to build factories of their own to manufacture new technology and would not need to spend excessively on buying equipment from other countries.
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