Borrow more money to cover their existing debt

Reference no: EM13505924

You are right about the World Bank allowing the developiing countries to borrow more money to cover their existing debt. I think that once southern countries build up large external debts, as most have, they cannot get credit or cash anywhere else and are forced to go to these international institutions and accept whatever conditions are demanded of them. I don't think any of the countries have emerged from their debt problems and most countries now have much higher levels of debt than when they first accepted IMF and World Bank assistance.

Given the situation that you laid out above, what explains the borrowing and lending? What interests are behind the practice? Who benefits aside from "thiefs?"

Reference no: EM13505924

Questions Cloud

Development of the culture conflict theory of crime : Compare and contrast the development of the Social Ecology Theory of crime with the development of the Culture Conflict Theory of crime

Important to the field of psychology : who is more important to the field of psychology: Wilhelm Wundt or Sigmund Freud? Why?

As we explore the concept of deviance : As we explore the concept of deviance, we must accept that there are issues of deviance that are time sensitive. They were deviant then but not now. Think of some forms of deviance that you have seen become mainstream in your lifetime. Is this a g..

Issue which pertains to the scope of changing cities : hat are the impacts of Gentrification and how does it affect cities and its people? Give some examples like San Francisco or silicon Valley

Borrow more money to cover their existing debt : You are right about the World Bank allowing the developiing countries to borrow more money to cover their existing debt. I think that once southern countries build up large external debts, as most have, they cannot get credit or cash anywhere else..

Define both patriarchy and feminism : Using bell hooks' Feminism is for Everybody, discuss the following issues concerning the system of white supremacist capitalist patriarchy and how to change it. Define both patriarchy and feminism

Gender stratification problem : Describe the system of gender stratification in the U.S. Using the film Southern Comfort (You Tube), discuss how gender is socially constructed.

Race and ethnic stratification : Discuss the racial stratification system in the of the idea that some racial-ethnic groups are at the bottom because they have been colonized and other racial ethnic groups are in the middle because they are immigrants while whites are at the top ..

Discuss how colonialism created global stratification : Discuss how colonialism created global stratification between rich countries and poor countries, using the film Rabbit-Proof Fence.

User Account

All Pages