The failure of structural adjustment programs Many bankers and economists view the Third World as places where the economies have yet to take off. All they need are resources to stimulate the imminent prosperity. To alleviate the immense poverty, unemployment and destitution that afflicts the vast majority of people, the poor and the working class , in these nations, economists and bankers look toward the free market as the solution. As developing nations’ debts accumulate to …showed first 75 words of 2690 total…

…showed last 75 words of 2690 total…into greater and depressing the living standards of their respective citizens. The blame of stagnate economies should be placed on the Third World exclusion from world trade. Advanced industrial nations trade mainly between themselves bypassing the Third World. And worse still, the demand for Third World raw material exports are on the decline so their main source of income, export earnings, are falling. Thus making the likely-hood of having debts and loans repaid even slimmer.