This article includes information about the background of third world debt with a high level of detail. The start of third world debt is outlined and the article also includes why the countries are still in debt and the causes of the debt. It includes the many reasons why third world debt happened and what some countries have done to ease off the debt by cancelling it. The article clarifies that there is a reason why the debts are so expensive to pay back.
This article is a comprehensive guide to third world debt, and the sacrifices the leaders make just to try and pay back this debt. It will engage readers by showing that third world countries have paid back more than what they have borrowed because of the high interest rates charged by the industrialized countries.
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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