The document discusses ways to close the development gap between rich and poor countries. It examines why this gap exists and some potential solutions. The gap originated when less developed countries (LEDCs) exported goods to more economically developed countries (MEDCs) during colonial times, but lacked industry of their own. LEDCs still rely on exporting raw materials while MEDCs profit more from manufacturing goods. Aid programs and investment programs are proposed as ways to help LEDCs develop, but aid risks increasing dependence and being misused without reaching those in need. Bilateral and multilateral aid each have benefits and challenges to consider.
3. How can we close the development gap ? It is one thing to wish the world were a better place, and quite another to make it happen in the very near future. World leaders who proclaim that closing the gap between the rich and poor countries is the most urgent of times should ask themselves how this could be done . (Khan 1979)
