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Unsustainable Debt Submitted by: Arif Patel a_patel65@hotmail.com Many ordinary citizens today in developed countries such as Canada acknowledge the abject poverty affecting citizens of various African countries and other undeveloped nations. However, exactly why these countries are in this position appears to be a mystery, despite many cash grants, relief efforts, and aid are delivered to these countries by various Western organizations amidst great media attention. In addition, it also seems natural that such undeveloped countries should have a net flow of capital moving towards them from wealthy industrialized nations such as Canada. On the contrary, a net flow of money has actually been directed towards the industrialized nations and various financial institutions from these impoverished countries1. This fact has failed to achieve much media coverage, if any. Figures on poverty levels of the early 1950's, following the Second World War, do not reflect those found today2. Undoubtedly poverty existed in the...

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