Will Debt Relief Address the Needs of Highly Indebted Countries?
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economics
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published 08/04/2008
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SummaryA question that has plagued economists, social scientists and political scientists for the last several years is solution to the staggering debt in underdeveloped countries. Depending on their background they will argue the need for greater institutions, the removal of corrupt governments, or even just time for development to occur. The question faced by Denise Froning and Romilly Greenhill was “Will Debt Relief Address the Needs of Highly Indebted Countries?” Both of these essayists from different backgrounds approached the question with a solution in mind, both answers are varying but both are to be respected in their own sense.
Table of Contents
- Romilly Greenhill argues that debt relief is the only resolution to the problem that is present today in HIPCs.
- Poor countries are being put in a situation where they have been forced to undercut local markets.
- Greenhill concludes her argument by stating that helping these countries towards a brighter future is not charity but a moral imperative.
- After analyzing both debates there is clear line that both scholars see differently on how to approach the problem.
- Her larger outlook on the problem at hand provides a more realistic and educational solution.
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