This article defines what third world debt is and explains the background behind it, including how it started. The article also clarifies why the debt keeps growing and has not decreased. People should read this article to understand why the third world debt crisis exists. It helps them acquire important information about it. If people want to read more in-depth about how third world debt happened, why it is still around and what they can do to help, then this webpage has a lot of resources.
How you can help
Third world debt is an issue that is the cause of many deaths in today's world. The Australian government can help solve this issue by cancelling the interest owed to Australia by all third world countries. Did you know that third world countries spend $1.3 on debt repayment to every $1 they receives? This is preposterous. Third world countries are not even able to afford basic resources for…
7 million children die each year as a result of third world debt crisis. By cancelling the interest rates on the debt repayments, third world countries will have enough money to spend on basic resources for the people living within their country. As a result, many deaths of children in third world countries could be stopped. The Australian Prime Minister has the power to cancel the interest rates…
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