Debt Forgiveness: The Missing Link in Closing Gap with Third World?

Every nation on earth requires goods and services in order to function. Unfortunately, all goods and services cost money, and in some cases, the nations requiring the products are not able to pay when they purchased, leading to debt. I believe that debt reduction initiatives are critical to help bridge the gap between First and Third World nations. However, I do not think that all nations should be forgiven of their debt: there needs to …

…will not have to take money out of their frail economy and repay the French and Germans for arming Saddam Hussein. Overall, I believe that the forgiveness of debts will offer the best opportunity for foreign nations to advance and it is something that will at least partially correct our exploitation of them because we will not be holding the citizens and, in some cases, governments responsible for things that are not in their control.