Papers on "The Global Debt Crisis" and similar term paper topics

Paper #102738 :: The Global Debt Crisis
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This paper discusses the the origins of the global debt crisis and its role in Nigeria.

Written in 2008; 2,490 words; 7 sources; MLA; $ 75.95

Paper Summary:

This paper argues that the global debt crisis represents a means by which the developed world reasserts its former colonial control over the newly-independent nations of the developing world. The author points out that, by loaning these countries money, often to serve the interests of corrupt local elites, debt accumulates to the point that these countries are barely able to meet their interest charges on the debt. The paper relates that Nigeria represents an example of what political scientists term a "rentier state". The author contends that, in Nigeria, an oil-rich country in Africa, its debt represents a means by which the natural resources and wealth of the developing world can be brought under the effective control of the developed world. The paper concludes that debt can be seen as an instrument of neo-colonial domination and control that continues into the 21st century.

Table of Contents:
Introduction
The Collapse of Colonialism and the Creation of the "Third World"
Developing World Debt Becomes Critical
The Debt Crisis in Nigeria: Internal and External Factors
Conclusion

From the Paper:

"However, in all of these nations there existed the understandable desire to develop as quickly as possible. One of the easiest means to achieve this end was to borrow from lenders in the developed world to fund development schemes. The nations of what was termed the "Third World" borrowed heavily in the post-independence era, and when the nations of the developed world slowed down their economies in the 1980s to combat inflation this severely damaged the economies of Third World nations that depended upon commodity exports for foreign exchange. Without this revenue, they were often unable to meet their debt payments."

Tags: actors disparities imperialism recolonize borrowings

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