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Category: Foreign
Word Count: 648
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Third world debt
The history of the third world debt can be traced back to when the former colonial powers began to withdraw from the colonies and a void was left behind. Withdrawal from the former colonies was often carried out hastily. A country that had been fully governed by another country, suddenly found itself totally independent. However, civil war frequently followed independence and crippled the country financially because of funding for munitions and weaponry.
During the 1970’s the developed
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