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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.
Many nations have a national debt. When the debt is too large, small countries with a bad credit rating will find it difficult to borrow funds. In the case of the US, the national debt is very high. This is troubling, however, the US has a solid record of always paying its debts when due. That means it has no problems at all in selling Treasury securities, as one example. Still, its better to decrease the national debt. Most solutions to this problem that are reasonable are to raise taxes and cut down spending. This will work to slowly decrease the debt. A very reasonable goal.
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
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.
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
russia is the most third world because of the amount of land it has.
European nations
some but not many... mostly the 3rd world