Third World Debt

The debt that affects the Third World

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Information on this page...

Some information on this page provided by

Millet, Damien and Eric Toussaint. Who Owes Who? 50 Questions about World Debt. New York: Zed Books Ltd, 2004

Welcome...

Hello and Welcome to our site on Third World Debt! This site was constructed as a school project to inform people about the Third World Debt around the world.

This site was constructed for EWS 380 Women and Globalization at Cal Poly Pomona. As a group, we decided to learn more about the Third World debt in developing countries and try to inform others about this issue. To learn more about this class offered at Cal Poly and more about why we choose to learn about this topic, click on the EWS 380 link on the side of the page under site navigation.

An Introduction to the Third World...

The countries that are considered Third World are all countries that are not part of the Triad (North America minus Mexico, Australia, and Europe). These developing Countries are broken down into the South or the Third World and the Former Soviet Bloc. It is estimated that 86% of the population lives in these Developing Countries.

Adding Fun

The total debt in a country can be broken down into many different parts. These are the main parts to the total debt.

Total Debt:

Internal Debt- the debt is owed to a creditor inside the the country such as a national bank
External Debt- the debt is owed to a creditor outside the country.

External Debt:

Public External Debt- summoned by public or private bodies in which the debt is guaranteed by the state.
Private External Debt- summoned by private agencies in which the debt is not guaranteed by the state.

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