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Oil Exporting companies received more money, which they kept for extra. They then put this extra money in Western banks, which gave the money to third world countries to build up the country. However, due to factors like recession, the countries debt started to increase, and after 10 years of third world debt starting, the debt rose up to $1,000,000,000,000 (1 trillion dollars).
What else can I help you with?
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.
How do you get rid of third world debt?
how can we get rid of third world debt
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
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
Which countries have third world debt?
russia is the most third world because of the amount of land it has.
Which of these did not happen as a result of World War I?
accumulation of debt
Who cares about third world debt?
some but not many... mostly the 3rd world
What causes third world debt?
idont know LOOOL'
What problems to people in third world debt face?
Poverty
