Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.

The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.

The international debt structure is the way countries finance their spending through a mixture of borrowing and lending. A country can have internal and external debts.

Darrell Delamaide has written:

'Debt shock' -- subject(s): Banks and banking, International, Debts, external, Debts,External, Developing countries, External Debts, International Banks and banking