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Cancel the debts of the developing world?

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breathing_irony

IF-Dazzler

breathing_irony

Joined: 11 June 2005

Posts: 4981

Posted: 03 October 2006 at 11:47am | IP Logged

so should there be a cancellation of debts for the developing world? Will it actually help or harm the developing world in long-run n is it fair to not make them accountable for their actions? Shd. the developed world cancel the debts n give the developing world n chance to stand at their own feet?

Wht do u guysthink? Tongue

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~*puja*~

Senior Member

~*puja*~

Joined: 30 April 2005

Posts: 833

Posted: 03 October 2006 at 7:06pm | IP Logged
Abhijit took the words right out of my mouth.
Debts should never be forgiven completly... certain conditions are necessary to help a developing country become democratic and are able to help its citizens and eventually help the world become more peaceful.

breathing_irony

IF-Dazzler

breathing_irony

Joined: 11 June 2005

Posts: 4981

Posted: 04 October 2006 at 6:11am | IP Logged
but say the debts r cancelled, then wont the developed countries be unwilling to lend money to the deveopin world in the future....even fi the debts r cancelled, the developing worlds will require the loans of the develoepd world if they want to improve infrastructure n services.

sowmyaa

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sowmyaa

Joined: 23 August 2004

Posts: 3658

Posted: 04 October 2006 at 6:16am | IP Logged
I thought these debts are only to show on paper Ermm I didn't know they really have to pay them back LOL

IdeaQueen

IF-Dazzler

IdeaQueen

Joined: 23 August 2006

Posts: 3152

Posted: 16 September 2007 at 11:51am | IP Logged
Originally posted by breathing_irony

so should there be a cancellation of debts for the developing world? Will it actually help or harm the developing world in long-run n is it fair to not make them accountable for their actions? Shd. the developed world cancel the debts n give the developing world n chance to stand at their own feet?

Wht do u guysthink? Tongue


Cancelling debts for services or resources is a good thing..Smile...this world works  fine with barter systemTongue

sareg

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sareg

Joined: 10 January 2006

Posts: 3976

Posted: 16 September 2007 at 6:32pm | IP Logged
Give someone in free, people get used to becoming muftchand

Have the countries pay back the loans and then give them some incentives for more or equal cost, if you feel that badly

Never, Ever forgive any loans

Begging is bad, creating beggars is even worser

mermaid_QT

IF-Sizzlerz

mermaid_QT

Joined: 25 September 2005

Posts: 11613

Posted: 16 September 2007 at 9:27pm | IP Logged
Originally posted by sareg

Give someone in free, people get used to becoming muftchand

Have the countries pay back the loans and then give them some incentives for more or equal cost, if you feel that badly

Never, Ever forgive any loans

Begging is bad, creating beggars is even worser


absolutely agree!  very well-said.

Vinzy

IF-Stunnerz

Vinzy

Joined: 03 December 2005

Posts: 26979

Posted: 16 September 2007 at 10:49pm | IP Logged

About Farmers matters its different......that people are not muftchand ..if any natrual calamity happen(like fled etc) , they dont have any other choice...i think these type of situation Govt should support farmers, and forgive their related depts.Smile

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