This title examines one of the world's critical issues, developing
nations' debt. Readers will learn the historical background of this
issue leading up to its current and future impact on society. What
is debt, types of debt, how the debt crisis began, and the human
cost of debt and poverty are discussed in detail. Causes of debt
such as costs of oil and war are examined. Affects of debt and its
servicing are also covered, such as inability of citizens to obtain
oil, food, water, education and health care, resulting in disease,
lowered life span, and increased child mortality rates are
discussed. Organizations that monitor debt, such as the World Bank,
the International Monetary Fund (IMF), The World Trade Organization
(WTO), the African Development Bank (AFDB), and the United Nations
(UN) are introduced. Initiatives, Agreements and Solutions to fight
dept and poverty such as the Heavily Indebted Poor Countries (HIPC)
Initiative, Multilateral Debt Relief Initiative (MDRI), Millennium
Development Goals (MDG), Structural Adjustment Programs,
Transparency International, World Health Organization, Water.org,
The Bill and Melinda Gates Foundation, and the Millennium
Development Goals are included. Engaging text, informative
sidebars, and color photographs present information realistically,
leaving readers with a thorough, honest interpretation of
developing nations' debt. Features include a timeline, facts,
additional resources, Web sites, a glossary, a bibliography, and an
index. Essential Issues is a series in Essential Library, an
imprint of ABDO Publishing Company.
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