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Originally posted by Cercey
...We need to do something about the debt owed by Third World Countries. We have not helped them if we then expect exhorbatant repayment amounts. ...
I think we need to forgive this debt. Even if these countries were capable of paying this off they would probably be no better off in the end. Maybe other countries would follow our example. (Maybe even some of our debts would be forgiven.)
But this goes beyond even that. Instead of lending money we should be giving it freely. We need to help these countries become self-sufficient. I don't mean turn them into little industrialized copies of America, but give them a platform to stand on and create/explore their own culture.
Instead I would propose that hefty tax incentives be given to corporations and companies willing to start up simple manufacturing business' or agricultural coops in these countries. Nothing that requires a lot of education but there is a lot of mindless manufacturing jobs that could be relocated to these problem areas.
Originally posted by racos
If however the government or charities were to set up some form of industry out there where the people were paid a decent wage, something that could sustain themselves and there families, then possibly the ecconemy of these poor countries will start to develop