It affects countries that have to pay other countries because they r so poor
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
the effect of black market currency in Nigerian economy
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.
One effect of World Bank loans to developing countries is the potential for economic growth and development. These loans often fund infrastructure projects, healthcare, and education, which can improve living standards and boost productivity. However, if not managed properly, they can also lead to increased debt burdens and dependency on external financing, complicating long-term economic stability.
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
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'
Poverty
Africa India cuba