the northern sidde of the world lends monney to the southen and they cant re-pay the debt so it is called the third world debt
the contries with 3rd world dept are the ones who are poor
It affects countries that have to pay other countries because they r so poor
Huge foreign debt.
Greece is classified as a developed country. It is a member of the European Union and has a high standard of living, advanced infrastructure, and a diversified economy. While it faced significant economic challenges in the past decade, including a severe debt crisis, it remains categorized among developed nations due to its overall economic indicators and social progress.
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
how can we get rid of third world debt
third world countries which are in debt to countries which have more money and material. Third world is when devolving countries are in debt. countries like Africa which have no money or materials .
Third world debt started just at the very end of the 1970's
No
the third world debt is the money owned by the poorer countries to the richer ones. ............................. the third world debt is a debt originally built by the colonial powers and imposed on poor nations to ensure the continued plundering of a nations resources, with additional debts racked up via the corrupt political systems they leave behind. please note i don't delete previous answers, and even leave their spelling mistakes, yet it seems my answers get deleted very very quickly, and replaced with inferior one liners hmmm, now i wonder why.... ;) ................................ it do esnt matter
its not good
the northern sidde of the world lends monney to the southen and they cant re-pay the debt so it is called the third world debt
Third world debt means the debt of the US Parliament. No, no it refers to the money which the richer nations of the world have loaned to the nations of the Third World. The First World, if you like, is the old established European nations which became the colonisers of the world. The new World is the Americas, north & south. The Third World are the countries of Asia & Africa which, so far, have not been pre-eminent in economic power. For example, China & India are rapidly no longer going to be in the Third World because of massive economic growth. Japan has a powerful economy, as has Singapore. Zimbabwe on the other hand is now amongst the poorest of nations. it is a very debatable point whether those of us that live in wealthy nations should loan these countries money at all. Personally I believe we should simply give them all the aid we can. It is pointless asking someone who has little wealth to repay a loan they cannot afford to take in the first place. Which is exactly what 'Freddie Mac & Fanny May' have done with the US economy which is why we are now all in the doo doo. But that is a different Q altogether.
russia is the most third world because of the amount of land it has.
Although many countries in various regions are affected by third world debt, some of the most heavily impacted nations include countries in sub-Saharan Africa, Latin America, and parts of Asia. These countries often struggle to meet debt repayment obligations, which can hinder their economic development and perpetuate cycles of poverty.
Some examples of Third World debt fund-raising activities include charity events, auctions, crowdfunding campaigns, benefit concerts, and partnerships with corporations for donations or sponsorship. These activities aim to raise funds to alleviate debt burdens in developing countries and support sustainable development initiatives.