World Debt And Its Impact On Human Abilities Essay

World Debt And Its Impact On Human Abilities Essay

Length: 1107 words (3.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Every day in the news, we hear about how well developed countries have made advancements into the future of better living. The medical and technological advancements have made an impact on human abilities to live and communicate. Although this is amazing, people fail to realize how lucky countries such as Canada, America, and the United Kingdom, are for having the opportunity to live luxuriously. The money that these countries possess is the reason that they are considered as “First World Countries”. However countries such as Africa, Afghanistan, and Haiti, have all been labeled as “Third World Countries”. The reason being is because of an ongoing issue for each of these have fallen victim too. Third world debt.
Third world debt has become a major problem around the world. Countries do not have the money to support the people living in it, and because of that millions of people around the world have lost their lives due to hunger, thirst, or war. There are many countries around the world that suffer from third world debt. Countries such as Africa, Haiti, Malawi, and Afghanistan are all examples of countries that have been affected by third world debt. Due to the lack of money, these countries have been labeled as weak and have been primary targets for war for countries looking to expand their land.
War and natural disasters have been a common cause for third world debt amongst these countries. The government uses the money to prepare for war, or to repair the damages that have been left behind due to earthquakes, tsunamis, or any other natural disaster. While first world countries do as much as they can to help, the damages that have been done may be too severe to recover from.
The idea of third world debt is considered as a s...

... middle of paper ...

...eliminate it. The Catholic Church says that we must help the ones in needs, and that it is the duty of First World Countries to help the poor. I completely agree with that, not only because it would get rid of debt, but also because it would create more peace around the world.
Third world debt is a quiet issue that has one of the biggest effects on third world countries. Millions of people are unable to live their lives without the fear of death staring them right in the face. The world has taken the right step into eliminating third world debt with all the charities and fundraisers that have been arranged, but there is still a lot more that the first world countries can do. Soon enough third world debt will be eliminated from the world and everybody will be recognized as the “chosen one” by Jesus for their contributions. The days of third world debt are numbered.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Walt Disney’s Impact on the World Essay

- “For Disney gets us young and helps to shape up our understanding of who we are, getting us to whistle while we work, to be unafraid of the big bad wolf, to wish upon a star that some day our prince will come, indeed to accept Disney products as the spoonful of sugar that helps any medicine go down, in this small world after all” (Clark). A man with huge imaginations made his dreams come to life in many different ways. He always had a thing for animation from the age of ten. He never gave up on what he dreamt of until it became real....   [tags: biography, american t.v.]

Better Essays
1684 words (4.8 pages)

Weapons of World War 2 Essay

- Weapons and Artillery of World War II The result of World War II was affected by many different factors. One major factor which affected the war was the weapons and artillery used during the war. Since the beginnings of time, weapons have always been around. From swords and knives to nuclear weapons and missiles, weapons have evolved greatly throughout the years. The weapons and artillery used in World War II basically were evolved types of weaponry that were used during World War I (Military History 1)....   [tags: essays research papers fc]

Better Essays
1401 words (4 pages)

The National Debt And Its Impact On Our Society Essay

- THE NATIONAL DEBT AND ITS IMPACT ON OUR SOCIETY Today, society is different. Different when compared to how every generation of Americans have lived in before. Today exists a time of plenty; a time when nearly all of our wildest dreams can be realized with the simple click of a button. Today, two-thirds of Americans carry access to the entirety of human knowledge in their pocket. (Pew Research Center, 2015) Unfortunately, Americans import the overwhelming majority of these little miracle boxes from East-Asian countries....   [tags: United States, World War II]

Better Essays
1060 words (3 pages)

Essay about The Value of the Tax Shield of Debt

- Introduction Motivation and background Decisions about optimizing the capital structure of the firm, no matter if it is a small business or a global corporation, has always been an important issue for the management. Various authors, (e.g. Booth (2002), Cooper and Nyborg (2006), Farber, Gillet and Szafarz (2006)) state that debt policy may only be viewed in terms of maintaining a fixed market value debt ratio (Miles-Ezzell assumption) or a fixed dollar amount of debt (Modigliani-Miller assumption)....   [tags: Tax Shield of Debt]

Better Essays
1648 words (4.7 pages)

College Students With Debt And Debt Essay example

- In Cpcc’s online opposing viewpoints essay, “Student Loans”, it is argued that the methods of taking care of student loans have issues. The essay starts by making a point that borrowers get overwhelmed with debt. Consolidation would sound like a help, but really all it does is create more debt because it makes the payment period longer. The longer you wait; the more interest you accumulate. Then, the viewpoints in the article on student loans acknowledges that the government will continue to go even deeper in debt if no one repays their loans and gets saved by recovery acts....   [tags: Debt, Higher education, University, College]

Better Essays
1046 words (3 pages)

The Problem Of Student Debt Essay examples

- One of the large, and growing, problems in the U.S. today is student loan debt. Most people don’t realize the significance of this issue unless they are directly affected by it because they don’t feel the burden it puts on a person. Not only is hurting those who have the debt, but now it is starting to affect institutions and the economy in America. It has major effects on family life, job opportunities, the U.S. economy, and the ability of a person to succeed in life. Some people have started notice the severity of this situation linking its cause to supply and demand, and also to the lack of state funding....   [tags: Debt, University, Great Depression]

Better Essays
1209 words (3.5 pages)

Essay about Woodcock-Johnson II NU: Tests of Cognitive Abilities

- Along with the already clear and precise guidelines for the Woodcock-Johnson III NU Tests of Cognitive Abilities, seven new features have been added to the tests (Woodcock & Johnson, 1989). In the Woodcock-Johnson III NU: Tests of Cognitive Abilities, it includes eight new tests, which measure information-processing abilities (Keith, Kranzler, & Flanagan, 2001). These tests include ones which measure working memory, planning, naming speed, and attention (Woodcock, McGrew, & Mather, 2001b). Also included in this version are five new cognitive clusters (McGrew, Werder, & Woodcock, 1991)....   [tags: measuring information-processing abilities]

Better Essays
985 words (2.8 pages)

Debt : Debt And Debt Essays

- So many people have loans and debt in a variety of places. They have a mortgage on their homes, credit card debt, student loans, car payments and so forth. Many times, the interest rates they are paying on any one of these loans can be enormous. Many credit cards charge upwards of 18%-20% interest rate, while store cards can carry an annual rate up to 30%. If you have a few hundred or even a few thousand dollars in credit card debt, you could be paying a huge amount in interest each month, making it almost impossible to pay off this debt....   [tags: Debt, Money, Payment, Credit]

Better Essays
738 words (2.1 pages)

Debt And Debt Of Debt Essay

- Mortgages, car loans, student loans, and having children, are all situations that can drive families to the overwhelming doom of debt. Debt is mostly overlooked for the simple reason that it may be considered normal. Certain types of debt like car and mortgage payments are almost expected. Debt is sometimes very difficult to evade, especially if money is not managed sensibly. Many families accumulate debt due to overspending, medical bills, and unemployment. Credit companies and banks make it very easy for families to spend money they do not have....   [tags: Debt, Money, Payment, Loan]

Better Essays
762 words (2.2 pages)

National Debt Policy Essay example

- National Debt Policy The national debt as I write this paper is over 17.4 trillion dollars. This number is increasing minute by minute, and is headed towards financial ruin. The national government needs a mandatory balanced budget. This is an issue in today’s politics that needs to be solved otherwise it is going to have a major negative impact on future generations. Since President Barack Obama took office in 2008, the federal government debt has nearly doubled. “Recent progress toward reducing the annual budget deficit is welcome, yet federal debt is still project to increase 50 percent over the next decade under existing policies.” (The Heritage Foundation)....   [tags: United States Government, National Debt]

Better Essays
1589 words (4.5 pages)