Wednesday, May 21, 2008
Foreign Debt
Another aspect that effects human rights and quality of life is foreign debt and the impact it has on countries around the world. Many developing countries receive large loans that are used for a variety of things; unfortunately most of the money from of the money from these loans is lost to government facilities and higher officials corrupt pockets, and little to none is actually used for the betterment of the population. There are several exceptions that try to expand infrastructure and the economy but fail to pay off the debt and enter a viscious cycle. These countries need our aid to break them from this cycle so that they can take the next step and become a developed rich nation.
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