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The leading paragaphs are very poorly written and full of mistakes. I'm removing the term "Majority World" since I've never seen it before in my work in delopment economics, and I've fixed some spelling errors, but somebody needs to gut this and start over. 203.199.50.16 09:56, 28 August 2006 (UTC)
i agree. it also relies too much on information from Jubilee USA--authors need to diversify their sources.-- 67.80.25.183 22:29, 13 January 2007 (UTC)
I find it odd that the article page is called "Developing countries' debt", yet the first line calls it third world countries debt. I'm not sure if this is worth editing or not.
The established term for this concept is "Third World Debt" and that's where the article should be located. Controversy over the term "Third World" (ill-founded, incidentally - its origin is a reference to the Third Estate of the French Revolution) can be mentioned but it is not the place of an encyclopedia to determine the nomenclature. 203.199.50.16 09:56, 28 August 2006 (UTC)
How about the definition for "unpayable debt" in the first paragraph, is this definition legitimate or should it be cited? It seems like a very specific definition for a term that could have many definitions, and not only to third-world debt.-- MrNiceGuy1113 ( talk) 16:34, 25 April 2012 (UTC)
I'd be interested in seeing numbers. How much do the different developing countries owe, and to whom?
Agreed. Is there any official information regarding who owes how much to who, how much is being paid, comparisons with amount of aid received? Most information I can find contains very few figures and those that do are ambiguous or contradict each other.
Wow, I wrote this comment ages ago, I was really hoping for a reply by now...for this article to make sense we need to know how much is being paid compared with how much is being received? Kernow 13:13, 13 March 2006 (UTC)
Nice things to have here:
-- Pablo D. Flores 01:21, 16 May 2005 (UTC)
It may also be nice if there were a section that included privatization of companies in developing countries and how that affects their debt situation.-- MrNiceGuy1113 ( talk) 16:50, 25 April 2012 (UTC)
Will start working on the above list immediately
Kestrel76 01:14, 20 Jun 2005 (UTC)
I didn't specially appreciate 68.35.125.94 changing "thousand millions" to "billions", but I'm not sure if this is a problem. By the context one can guess that a billion means 10^9 and not 10^12, but "thousand million" is completely unambiguous, and in most non-English-speaking countries 1 billion = 10^12. Wikipedia:Numbers mentions no policy or guideline. What should we do? -- Pablo D. Flores ( Talk) 10:48, 2 November 2005 (UTC)
This is an article written in American English. Leave it as it is. Robert ( talk) 15:06, 25 April 2012 (UTC)
This entire article is extremely sketchy on certain details. How exactly does the debt from commercial banks to indebted countries become the responsibility of governments and taxpayers? As I understand it government legislatures are responsible for passing laws, not lending monies. Central banks of nations manange the money supplies in their own country and are the banker of last resort, but only to other banks in that nation, certainly not to other nations.
Also, if there is bad debt, how is this any different from any other debt that is loaned to anyone else? If banks made poor decisions on lending money, then they should should simply write it off in stead of attempting to turn it into a social issue. If they run into problems there is always the deposit insurance program in most countries.
The second paragraph currently refers to "unpayable debt," where the interest payments are greater than a country's GDP. As far as I know, no such situation has ever existed. It is perfectly possible for a country to borrow more than its GDP stock at any point in time - Japan and Italy have been that way for a while - but for the interest payments to be greater than its entire annual output, it would have to borrow many times its own annual output. This is akin to someone in poverty borrowing $1 million US - which no lender would ever allow (and probably infeasible outside of really small countries). There are many countries that have had interest payments that are larger than GDP growth - which is unsustainable in the long run, but easily possible in the short run (and happens any time a country goes into recession). -- DMG413 02:41, 22 February 2006 (UTC)
"The banks didn't want all of this money lying around so it was leant to the third world countries. Debt then ensued."
Redirecting from "World Debt" is plain wrong. World Debt != Third World Debt.
http://en.wikipedia.org/shttp://en.wikipedia.org/skins-1.5/common/images/button_hr.pngkins-1.5/common/images/button_media.png http://en.wikipedia.org/skins-1.5/common/images/button_image.png
This article is starting to look like an advertisement for some organization called Jubilee USA. Almost all the sources link to their website. Anyone have any sources to add that are NOT from this organization??? KristoferM 01:28, 21 March 2007 (UTC) http://upload.wikimedia.org/wikipedia/en/c/c9/Button_strike.png
"The history of Malihttp://upload.wikimedia.org/wikipedia/en/8/80/Button_upper_letter.png, for example, from 1968 onwards, provides a clear illustration of this."
You can't say something provides a clear illustration and then not give the illustration. A couple of sentences going into detail would be nice.
-- 66.7.117.110 ( talk) 19:01, 17 April 2008 (UTC)
The reasons these fgures seem all wrong is: a) the the numbers are in the bilions an trillions, not millions (re: Cia world factbook) and b) many of the figures are outdated, ie: Zimbabwe... think about making changes to these pages as they may give the casual reader misleading information about a very improtan subject... —Preceding unsigned comment added by 70.53.51.56 ( talk) 05:10, 14 June 2008 (UTC)
This is a page that needs to be constantly updated because so many things in international economics and global politics is changing.-- MrNiceGuy1113 ( talk) 16:55, 25 April 2012 (UTC)
"However, this is not an argument that can withstand a glance at the state of the essential services supposedly being provided by many of the heavily indebted countries." Who wrote this article? The Jubilee Debt Coalition? I don't have a great deal of time to spare, but could somebody please sort out the horrible POV bias of this article? Laurellien ( talk) 10:33, 26 December 2010 (UTC)
There are no references to reasoned arguments against cancelling third world debt, and much of this appears to have been lifted, wholesale, from the Jubilee Debt Coalition Website. Wikipedia should present the facts and a balanced presentation of opinions, it shouldn't be a vehicle for pamphleteering. Laurellien ( talk) 10:48, 26 December 2010 (UTC)
Robert ( talk) 15:08, 25 April 2012 (UTC)
The article's sources check out appropriately, the links all work properly and there are no apparent signs of plagiarism. The article however, does show a little bias in regards to the fact that there seems to be some criticism of developed nations and the role they play in causing debt. Mattchasman ( talk) 03:38, 27 September 2016 (UTC)
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