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A Debt to Be Forgiven.
- Words:
- 589
- Submitted:
- Wed Oct 22 2003

Have a little read: ... A Debt to Be Forgiven Submitted by: Arif Patel a_patel65@hotmail.com The OPEC oil crisis and the Cold War are long over. They remain nothing but distant memories and a controversial debate in nations such as ours in the Western world. In striking contrast, it is these very events - and other similar predicaments - which have shackled the under-developed nations to their sorrowful plight. Staggering amounts were loaned to them decades ago by institutions such as the World Bank and the International Monetary Fund. And it is these very debts that prove so powerful in burdening them. Burdening them to such an extent that they are in an utter loss to cope with the dire needs of their nation. Many of these nations have fragile industries, and mostly agrarian societies. They depend heavily on cash crops such as cotton. Thus the GDP is relatively small and
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