i have boring entries about economic geography
Newspaper and journal editorials asked whether such debt cancellation would simply lead to further mismanagement of budgets by rapacious military regimes, corrupt leaderships, greedy elites, and dishonest businesspeople with government times. To what extent would the debt reduction mitigate ethnic and cultural tensions, misuse of aid, and entrenched traditionalism? Here again was proof that the world economic system is controlled by the few rich countries of the core and works to the disadvantage of the many in the periphery.