NI: Global Issues for Learners of English > The Issues > Money & Debt > Third World Debt Crisis > Quick check 6

logoQuickCheck - The Third World Debt Crisis

 

Choose the correct response:

 Cancelling debts

 The author argues that canceling the debts would be a good idea.

For one thing, the amounts of money that
have already been paid in interest payments

the amounts of money that were lent originally.

Often a lot more money goes from
poor countries to rich countries,
than from rich countries to poor countries.

For example, according to the article in 1994,

paid out $112,000,000,000
more than they received.


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NI: Global Issues for Learners of English > The Issues > Money & Debt > Third World Debt Crisis > Quick check 6

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Last Modified: 12 Dec 2000