Essay on North America Causes Poverty in the Third World

After much deliberation, I have come to the conclusion that ‘we’ are all horribly selfish. Not intentionally of course. It just sort of happened you know, snuck into our lives when we weren’t looking. By ‘we,’ I mean much of the population in the Northern Hemisphere. Yes, we’re gorgers, gluttons, plump little people living luxurious lives at the expense of those skinny folks in the Third World. â€Å"Luxurious!?† you cry in objection. â€Å"But of course,† I cry back comparing our living space to the nice patch of dirt that many of our starving buddies occupy. Indeed, we suck the lives out of 80 percent of the world’s population and smile gleefully as we sip our latte’s with the remaining 20 percent, either calmly ignoring or just plain†¦show more content†¦After a few minutes, he/she forks over a toonie and says, â€Å"Keep in mind, interest rates do rise.† You stop, and think: should I take it? Will I be able to pay this rich kid back? Then, your stomach growls, and you keel over on the floor in utter hunger. Needless to say, you take the money and buy yourself two hot spring rolls – yum. Two weeks later, you get your paycheck and after paying for necessities, you’re happy to see that you can pay your ‘friend’ back. You flip the rich kid your toonie and flash him/her a smile. But, uh oh, they’re not smiling back. Again, there’s the calculator. â€Å"Interest rates have risen dramatically. You owe me $10.00 now.† Your dreams start to fade. You don’t have ten dollars, you have two dollars. But you agreed to this deal. You tell the rich kid you’ll give him his money as soon as you can. Two weeks later, you’ve saved up your cash, decided not to splurge on toilet paper and soap and you attempt to pay the rich kid back. Again, the calculator comes out. â€Å"Interest rates have risen dramatically, you now owe me $40.00,† the rich kid says with a smile. This time, you’re not smiling because, damn, you’re screwed. This never-ending cycle of debt is the reality for most, if not all of Third World countries. In the 1970’s, Western banks loaned out huge sums of money to Third World nations with the intention of one day making profit. And they succeeded. During the time theseShow MoreRelatedNorth-South Divide1613 Words   |  7 PagesThe  North-South Divide  (or  Rich-Poor Divide[citation needed]) is a  socio-economic  and  political  division that exists between the wealthy  developed countries, known collectively as the North, and the poorer  developing countries  (least developed countries), or the South.[1]  Although most nations comprising the North are in fact located in the  Northern Hemisphere  (with the notable exceptions of  Australia  and  New Zealand), the divide is not wholly defined by  geography. The North is home to fourRead MoreGlobalization Advanced Free Trade, Open Markets, And Competition1469 Words   |  6 Pagescompetition in the world economy. 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