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What would you do if you owed someone money and were finding it hard to repay?
What difference do you think being in debt has made to developing countries? Do you think they would be different today if they hadn’t been in debt?
Fact
In 2008 the total debt owed abroad by all developing countries was $3.7 trillion, with some $600 billion paid back to developed countries and their institutions in that year alone.
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Debate the statement: ‘Developing countries shouldn’t have their debt cancelled – once you take out a loan you have to pay it back.’
Some countries are refusing to pay back some debts. Why do you think this is?
Fact
For every $1 developing countries receive from developed countries in aid, $5 is returned in debt repayments. (Jubilee Debt Campaign)
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Guess the names of five other top 40 companies. Check if you are right by going to unctad.org and looking at the table on ‘The world`s top 100 non-financial TNCs, ranked by foreign assets’. Find th...
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