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Because their economies and their tax revenues, with which they pay back their foreign debt, is always in doubt. To be owed money by these governments is always a risky proposition.
A good analogy would be - lending 10 dollars to a street person and expecting them to pay it back to you, with interest, from the pay they receive from their next job.
Get the picture?
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.
Is third world debt a good thing or a bad thing and why?
Its funny third world debt is bad because it affects use as it cuts down are money which is hard for use to get the stuff we need x
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
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
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 causes third world debt?
idont know LOOOL'
What problems to people in third world debt face?
Poverty
