Examples of foreign debt in the following topics:
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- India is an example of a British colony that did not achieve independence until the mid-20th century, remaining mired by foreign debts and lack of capital for decades after.
- India is an example of a British colony that did not achieve independence until the mid-20th century and that remained mired by foreign debts and lack of capital for decades after.
- The United States is an example of a core country, with immense capital and relatively high wage labor; Mexico is a semiperipheral country, where the economy has grown rapidly and there is significant technology manufacturing, but where most capital still comes from foreign nations; Liberia is an example of a peripheral country, where virtually all investment is foreign and many wage laborers earn less than $1/day.
- This theory argues that countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and today through foreign debt and foreign trade.
- At present, much of South and Central America is still economically dependent on foreign nations for capital and export markets.
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- Countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and continue to do so today through foreign debt and foreign trade.
- Today, poor countries are trapped by large debts which prevent them from developing.
- African countries have paid back $550 billion of their debt but they still owe $295 billion.
- Widespread malnutrition is one of the effects of this foreign dependency.
- Through unequal economic relations with wealthy countries in the form of continued debts and foreign trade, poor countries continue to be dependent and unable to tap into their full potential for development.
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- Countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and today through foreign debt and transnational corporations (TNCs).
- Instead, poor countries are trapped by large debts which prevent them from developing.
- African countries have paid back $550 billion of their debt but they still owe $295 billion.
- Widespread malnutrition is one of the effects of this foreign dependency.
- Foreign trade and business get in the way of the freedom of local governments.
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- A significant percentage of Indian jobs, however, are tied to American and Japanese technology firms, indicating that India's economy suffers from being dependent on foreign, dominant nations.
- A significant percentage of Indian jobs, however, are tied to American and Japanese technology firms, indicating that India's economy suffers from being dependent on foreign, dominant nations.
- For example, the small African nation of Cape Verde is significantly indebted to European nations and the U.S., and the majority of its industry is controlled by foreign investors.
- Countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and today through foreign debt and transnational corporations (TNCs).
- According to dependency theory, wealthy countries would not be as rich as they are today if they did not have these materials, and the key to reversing inequality is to relieve former colonies of their debts so that they can benefit from their own industry and resources.
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- A significant percentage of Indian jobs, however, are tied to American and Japanese technology firms, indicating that India's economy suffers from being dependent on foreign, dominant nations.
- While India provides cheap labor to foreign corporations, however, it also uses cheaper labor from poorer nearby nations as it develops its own industry, showing that it benefits from its semiperipheral position in the global hierarchy.
- For example, the small African nation of Cape Verde is significantly indebted to European nations and the U.S., and the majority of the nation's industry is controlled by foreign investors.
- Countries have developed at an uneven rate because wealthy countries have exploited poor countries in the past and today through foreign debt and transnational corporations (TNCs).
- According to dependency theory, the key to reversing inequality is to relieve former colonies of their debts so that they can benefit from their own industry and resources.
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- Easier access to foreign lands encouraged European nobles and merchants to seek out new territories in an effort to acquire raw materials and develop new markets.
- Newly independent states borrowed money from the West in order to fund their own development, resulting in a new system of debt.
- For decades, this debt has been politically impossible for many countries to pay off and still exists.
- In this way, foreign companies exert significant influence over post-colonial states.
- Second, foreign countries can exert influence over post-colonial states by only offering loans under certain conditions.
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- Cape Verde is a debtor nation with a total external debt of $360 million at the end of 2002.
- Besides being in debt to countries of the North, (the U.S. and Europe) Cape Verde is part of the global economy in other ways.
- Forty-nine percent of the banks, hotels, airlines and shipping lines formerly owned by the Cape Verdean government have been sold to foreign investors.
- The dominance of foreigner investors in even the industries that supply the most basic needs, such as water, are a result of policies of privatization, a key element of neoliberal and Washington Consensus economic "reforms. " And the International Monetary Fund continues to push its privatization drive demanding that Cape Verde privatize its few remaining public enterprises, including the national airlines, the national oil supply company, the national transportation company, and others.
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- In more recent times slavery has been outlawed in most societies, but continues through the practices of debt bondage, indentured servitude, serfdom, domestic servants kept in captivity, certain adoptions in which children are forced to work as slaves, child soldiers, and forced marriage.
- Most are debt slaves, largely in South Asia, who are under debt bondage incurred by lenders, sometimes even for generations.
- Debt bondage or bonded labor occurs when a person pledges himself or herself against a loan.
- The services required to repay the debt and their duration may be undefined.
- Debt bondage can be passed on from generation to generation, with children required to pay off their parents' debt.
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- A MNC differs slightly from a transnational corporation (TNC), because while MNC's are traditionally national companies with foreign subsidiaries, a TNC does not identify itself with one national home.
- Thus, economic globalization in the form of MNCs can lead to exploitation of the local labor force, funneling of important resources away from the country itself into foreign exports, and overall dependency of developing countries upon wealthy countries.
- In addition to the uneven distribution of benefits that often occurs, critics also point to the ways that resources are diverted from the local population into foreign exports.
- For example, some of the land in Cape Verde could be planted and harvested to feed people but is planted instead with cash crops for foreign exchange.
- Widespread malnutrition is one of the effects of this foreign dependency.
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- ., homes, stocks, bonds, savings and how many children you have) in addition to one's earning potential and accumulated debt.