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The Effects of Industrial Economic Control on Developing and Third World Countries
Essay specific features


Written by:
Lorraine O
Date added:
May 7, 2016
Level:
University
Grade:
A
No of pages / words:
4 / 869
Was viewed:
1897 times
Rating of current essay:
Essay content:
“The biggest debts are run up by corrupt dictators and then inherited by their democratic successors” (Alan Shipman, lecturer in Social and Political Sciences at Cambridge University) and thus this lead to enormous debts with every increasing rates owed by countries that essentially had nothing to do with the money received...
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The worst part of the loans is explained in “The Human Face of Economics” by Scholl & Arrizabalaga: “The IMF requires the government to privatize state owned enterprises, devalue the local currency in order to enhance competitiveness for export and of course adopt ‘free trade’. Embracing ‘import liberalization’ as part of the free trade package has disastrous consequences...
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