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- It means poorer countries borrowing money from richer country organisations such as the EU and the UN for hospitals and care, all the things of which the government are in charge.
- The problem is many countries give them the money but also ask for profit, normally between 5-15% making lots of money.
- That is the reason on big charity events, like Comic Relief and Red Nose Day, they buy the necessities because if they gave the country the money they would simply pay off the debt making no overall positives except less debt.
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Earn +20 ptsQ: What is the meaning of Third World debt?
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What does third world debt?
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
What is the meaning of Third World dept?
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
How do you get rid of third world debt?
how can we get rid of third world debt
Can tell you the meaning of Third World debt wedsite?
poor people need money
What is 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 .
When did Third World Debt start?
Third world debt started just at the very end of the 1970's
Is Uzbekistan in third world debt?
No
Why is third world debt good?
its not good
Which countries have third world debt?
russia is the most third world because of the amount of land it has.
Who cares about third world debt?
some but not many... mostly the 3rd world
What countries are in third world debt?
Africa India cuba
What problems to people in third world debt face?
Poverty
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