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Cancel the debts of the developing world?

breathing_irony IF-Dazzler
breathing_irony
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

~*puja*~ Senior Member
~*puja*~
~*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
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 IF-Dazzler
sowmyaa
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
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 IF-Dazzler
sareg
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
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.
-Believe- IF-Stunnerz
-Believe-
-Believe-

Joined: 03 December 2005
Posts: 27189

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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