IELTS Writing Task 2 Essay

lethanhhang

Aug. 28, 2023

IELTS Writing Task 2 Essay

Rich countries are getting richer while poor countries are getting poorer. What is the cause of this? What could be done to solve this problem?

Economic inequality between wealthier and less affluent countries is on the rise. While several factors contribute to this issue, there are solutions that less affluent countries can employ to mitigate it.

The widening wealth gap can be attributed to disparities in innovation and technology, coupled with unequal trade relationships. Wealthier nations tend to heavily invest in research and development (R&D). This, in turn, leads to the creation of cutting-edge industries and increased productivity, enabling them to offer high-quality products at competitive prices. They also often expand their operations into poorer countries to take advantage of cheaper raw materials and labor, further lowering production costs. These abilities enable them to dominate global trade and accumulate more wealth. Conversely, due to limited access to advanced technologies and insufficient investments in R&D, poorer countries struggle to keep up with the pace of technological advancements and compete in the global market. Moreover, they often rely heavily on exporting raw materials or goods with narrower profit margins and face unfavorable trade conditions such as strict trade barriers and high tariffs. These conditions make it challenging for them co compete in the global market, hindering economic progress and potentially exacerbating poverty.

However, strategies can be implemented to address these problems. Firstly, less affluent countries should collaborate with each other during trade negotiations to strengthen their bargaining power. By this, they can strive for more favorable trade terms like reduced tariffs and better market access, ensuring beneficial outcomes from international trade. One successful example of such collaboration is the Pacific Alliance, where member countries, including Chile, Colombia, Mexico, and Peru, have negotiated free trade agreements with countries like Australia, Canada, and Singapore through joint efforts. Secondly, governments in poorer nations can drive the development of new or improved products and services and, therefore, enhance their competitiveness in the global market race through supporting businesses engaged in R&D activities. This support can include financial incentives such as grants, low-interest loans, and tax incentives, along with mentorship programs and intellectual property protection. For example, Singapore has stimulated its innovation by offering substantial tax incentives to companies investing in R&D activities.

Innovation and technology disparities, combined with unequal trade relationships, have significantly widened the imbalance in wealth between impoverished and wealthier nations. However underprivileged countries can bridge this gap by supporting R&D activities within their borders and collaborating with other developing nations during trade negotiations.

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rambling_wren

IELTS Writing Task 2 Essay

Rich countries are getting richer while poor countries are getting poorer.

What is the cause of this?

What could be done to solve this problem?

Economic inequality between wealthier and less affluent countries is on the rise.

While several factors contribute to this issue, there are solutions that less affluent countries can employ to mitigate it.

The widening wealth gap can be attributed to disparities in innovation and technology, coupled with unequal trade relationships.

Wealthier nations tend to heavily invest in research and development (R&D).

This, in turn, leads to the creation of cutting-edge industries and increased productivity, enabling them to offer high-quality products at competitive prices.

They also often expand their operations into poorer countries to take advantage of cheaper raw materials and labor, further lowering production costs.

These abilities enable them to dominate global trade and accumulate more wealth.

Conversely, due to limited access to advanced technologies and insufficient investments in R&D, poorer countries struggle to keep up with the pace of technological advancements and compete in the global market.

Moreover, they often rely heavily on exporting raw materials or goods with narrower profit margins and face unfavorable trade conditions such as strict trade barriers and high tariffs.

These conditions make it challenging for them cto compete in the global market, hindering economic progress and potentially exacerbating poverty.

However, strategies can be implemented to address these problems.

Firstly, less affluent countries should collaborate with each other during trade negotiations to strengthen their bargaining power.

By this, they can strive for more favorable trade terms like reduced tariffs and better market access, ensuring beneficial outcomes from international trade.

One successful example of such collaboration is the Pacific Alliance, where member countries, including Chile, Colombia, Mexico, and Peru, have negotiated free trade agreements with countries like Australia, Canada, and Singapore through joint efforts.

Secondly, governments in poorer nations can drive the development of new or improved products and services and, therefore, enhance their competitiveness in the global market race through supporting businesses engaged in R&D activities.

This support can include financial incentives such as grants, low-interest loans, and tax incentives, along with mentorship programs and intellectual property protection.

For example, Singapore has stimulated its innovation by offering substantial tax incentives to companies investing in R&D activities.

Innovation and technology disparities, combined with unequal trade relationships, have significantly widened the imbalance in wealth between impoverished and wealthier nations.

However underprivileged countries can bridge this gap by supporting R&D activities within their borders and collaborating with other developing nations during trade negotiations.

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Very well written. :)

lethanhhang

Aug. 29, 2023

Thank you so much.

IELTS Writing Task 2 Essay