Jul 15
If you have been paying attention to the news for the past few weeks, you know that there has been a lot of controversy surrounding the United States’ debt ceiling. Theoretically, we have a debt ceiling to control federal spending. This ceiling puts a cap on the amount of bonds the Treasury can issue. If …
Jun 14
In a world that is run by various forms of financing and spending, countries are continuously dependent on institutions that provide for their ability to develop. And in a reality where even highly developed countries like the US, UK, and Germany are millions of dollars in debt, is it really surprising that developing countries are …
Mar 22
In my last post, I spoke about the problems that arose through debt burdens, and why countries find it so difficult to rid themselves of that obstacle. Countries that are freed from their debts end up accumulating more debts because of failed promises for development assistance. Whatever the reason, the international community needs to come …
Mar 16
Over the past couple of years, developing countries have been trying to repay billions of dollars in loans. Many of these loans had been accumulated under corrupt Cold War regimes, and have now become a serious obstacle to overcoming poverty and acting as a hindrance to economic development. Governments of developing countries have been taking …
