Poverty in the Third World is a seemingly intractable problem. Economists, political scientists, sociologists, and public policy makers, have devised numerous strategies and policies to alleviate it. They have had little success. At the end of the Twentieth Century, it is estimated that 1.3 billion people around the globe live on less than $1 a day, and 3 billion people live on less than $2 dollars a day 1. The human suffering accompanying such abject poverty is incalculable. this is what it mean
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
Yes, MEDC (More Economically Developed Countries) nations can benefit from third world debt through various mechanisms. They often lend money to developing countries, which can lead to profitable interest payments and investment opportunities. Additionally, these debts can create dependencies that allow MEDC nations to exert political and economic influence over the borrowing countries. However, the ethical implications and long-term sustainability of such arrangements are often debated.
Not long if you work on paying it off as quickly as possible. It depends on the size of the debt, and the type of intrest rates you have. For a house, expect 30 years.
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
No one denies that debt service throughout the Third World cripples the economic chances of the countries involved. Africa, specifically, is where more of the Fourth World exists, those countries so poor that the older "Third World" status no longer applies. The only difference between Africa and the rest of the Third World is that the national economies of Africa are poorer, so the ratio between production and debt is far more detrimental to those countries.
how can we get rid of third world debt
There are several charities that help address third world debt, including Jubilee USA Network, Debt Relief International, and Oxfam International. These organizations work towards debt cancellation, advocating for fair and just debt repayment terms, and supporting sustainable development in impoverished countries. Support for these charities can go a long way in alleviating the burden of debt on the most vulnerable communities.
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
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.
some but not many... mostly the 3rd world
idont know LOOOL'