Tag Archives : debt servicing

The term Third World should not be based on any political or economic criteria. Whose arbitrary criteria are those, anyway? But there may be common characteristics today, post-Cold War, among so-called ‘Third World’ countries. The aggregate term ‘Third World’ has come to mean: 1. The demand and receipt of foreign aid (more aptly called Western [...]

The International Monetary Fund, the key lender and financial institution in the globalization movement wants us to spend in order to grow. It has stated that “2009 as really being a bad year.” Already cutting its forecast for global growth, it has further stressed that future projections will even be bleaker. Does this institution realize [...]