Free Essays on Debt Crisis

Debt is a healthy act for developing countries to improve their country’s economy and the welfare state of the citizens. For many years debt was the solution for third world countries but this solution has become their biggest problem today. Loans are adding up and third world countries are facing problems of paying back the amount they owe. The origins of the debt date from the mid 70’s and particularly the first oil price shock (Cline, p.13). The debt crisis then became a consequence of funds that were borrowed when inflation was high and interest rates were low. This crisis was viewed as a temporary problem at first, but today the debt crisis has been recognized internationally. Solutions have been presented to end the ongoing crisis which will be discussed in detail throughout this paper. This paper will discuss whether debt relief will address the needs of highly indebted countries? Solutions and their effectiveness will be presented and my argument is that debt re lief is a definite solution to HIPC, debt forgiveness was found to be the most affective. There are serious problems in many developing countries, such as unemployment and poverty. Many have huge debts which they cannot pay. Each country has a different financial problem which requires different solution. I feel that this debt crisis should be a concern to everyone. With the opportunities we have today, our education and our technologies people should not be suffering and countries should not be labeled ‘Third World’ countries. The whole nation should join as one and help build developing countries around the world as well as impose change in the future. According to Peters and Dents the Jubilee 2000 campaign seems to be a good way in assisting developing countries with their debt crisis. The sole purpose of Jubilee 2000 is to increase the support for changes in financial systems and parts of the debt should be remitted. The charity of Jubilee 2000 is base... Free Essays on Debt Crisis Free Essays on Debt Crisis Debt is a healthy act for developing countries to improve their country’s economy and the welfare state of the citizens. For many years debt was the solution for third world countries but this solution has become their biggest problem today. Loans are adding up and third world countries are facing problems of paying back the amount they owe. The origins of the debt date from the mid 70’s and particularly the first oil price shock (Cline, p.13). The debt crisis then became a consequence of funds that were borrowed when inflation was high and interest rates were low. This crisis was viewed as a temporary problem at first, but today the debt crisis has been recognized internationally. Solutions have been presented to end the ongoing crisis which will be discussed in detail throughout this paper. This paper will discuss whether debt relief will address the needs of highly indebted countries? Solutions and their effectiveness will be presented and my argument is that debt re lief is a definite solution to HIPC, debt forgiveness was found to be the most affective. There are serious problems in many developing countries, such as unemployment and poverty. Many have huge debts which they cannot pay. Each country has a different financial problem which requires different solution. I feel that this debt crisis should be a concern to everyone. With the opportunities we have today, our education and our technologies people should not be suffering and countries should not be labeled ‘Third World’ countries. The whole nation should join as one and help build developing countries around the world as well as impose change in the future. According to Peters and Dents the Jubilee 2000 campaign seems to be a good way in assisting developing countries with their debt crisis. The sole purpose of Jubilee 2000 is to increase the support for changes in financial systems and parts of the debt should be remitted. The charity of Jubilee 2000 is base... Free Essays on Debt Crisis I. Global Debt Crisis A. The harsh reality of poverty in poorer countries was an initial stimulus for loans in the 1970’s. 1. It consisted of poor countries, which suggested that borrowing money would contribute to the economic plight of their citizens. 2. The fact that those who live in rich countries and are given access to education, health care, good nutrition, housing, and live alongside other countries who go hungry, and endure homelessness and suffering is beneficial reasoning to allow loans to countries in need for uplift. B. I agree that contributing to countries, who are at a need for money financially is a positive retribution, which uplifts economy and population of the country. I also feel that the countries should have a limit to the time they are allowed for repaying their debt and the amount of money given. 1. These countries need to pay their debts quickly because the longer they wait the less their money is going to be worth. 2. Also if the countries don’t pay off their debts, then the countries that have lent money could become third world countries also. 3. Debts of the fifteen most destitute third world countries were $36 billion in 1980 and are $1.362 trillion today. C. Although some countries are having hard troubles repaying their debt, many countries are getting away, with avoiding their repayment. For example: 1.) Rulers such as Mobutu of the Democratic Republic of Congo should take their enormous profits and use some of it to lesson their countries debts. Mobutu made a personal fortune of 84 billion by the mid-1980’s 2.) Other countries such as Dominican Republic, Costa Rica, and Mexico have experienced significant increases in tourism over the past 10 years. Tourism brings in a large amount...

How to Ask Polite Questions in English

How to Ask Polite Questions in English There are three types of questions in English: direct, indirect, and question tags. Direct and indirect questions are used to ask for information you do not know, while question tags  are generally used to clarify or confirm the information you think you know. Each of these three question types  can be used politely, but certain indirect forms are more formal and polite than other types of questions. One form to avoid when asking for things is the imperative form. Saying Give me that (imperative) instead of Could you give me that (indirect) puts you at risk of sounding rude. To learn more about how to ask polite questions, and use each form correctly, check out the overview below. Asking Direct Questions Direct questions are either yes/no questions such as Are you married?  or information questions such as Where do you live? Direct questions ask for information immediately without including  extra language such as I wonder or Can you tell me. Construction Direct questions place the helping verb before the subject of the question:   (Question word) Helping Verb Subject Verb Objects ? Where do you work?Are they coming to the party?How long has she worked for this company?What are you doing here? Making Direct Questions Polite Direct questions can seem abrupt or even impolite at times, especially when asked by a stranger. For example, if you come up to someone and ask: Does the tram stop here?What time is it?Can you move?Are you sad? There is nothing wrong with asking questions in this manner, but to sound more polite, its very common to add excuse me or pardon me at the beginning of a question. For example: Excuse me, when does the bus leave?Excuse me, what time is it?Pardon me, which form do I need?Pardon me, may I sit here? Key Words That Make Direct Questions More Polite In informal situations, one could use the word can in a direct sentence. In the United States, can is considered to be incorrect for written English in particular because, in the past, it was not a word used when asking for something. Saying May I have instead of Can I have is preferred in the U.S. In the United Kingdom, the word is not frowned upon. Cambridge University publishes English teaching materials with the phrase Can you lend me, Can I have, etc. In both countries, questions with can are made more polite by using could: Excuse me, could you help me pick this up?Pardon me, could you help me?Pardon me, could you give me a hand?Could you  explain this to me? Would can also be used to make questions more polite: Would you lend me a hand with the wash?Would you mind if I sat here?Would you let me borrow your pencil?Would you like something to eat? Another way of making direct questions more polite is to add please at the end of the question. Please should not appear at the beginning of the question: Could you fill in this form, please?Could you help me, please?Can I have more soup, please? May is used as a formal means to ask for permission and is very polite. It is usually used with I, and sometimes we. May I come in, please?May I use the telephone?May we help you this evening?May we make a suggestion? Asking Indirect Questions to Be Especially Polite Using indirect question forms is especially polite. Indirect questions request the same information as direct questions, but they are considered more formal. Notice that  indirect questions  begin with a phrase (I wonder, Do you think, Would you mind, etc.). Construction Indirect questions always begin with an introductory phrase and unlike direct questions, they do not invert the subject. To form an indirect question,  use an introductory phrase followed by question words for information questions, and if or whether for yes/no questions. Introductory Phrase Question Word/If/Whether Subject Helping Verb Main Verb? Can you tell me where he plays tennis?I wonder if you know what time it is.Do you think she will be able to come next week?Excuse me, do you know when the next bus leaves? Introductory phrase question word (or if) positive sentence I wonder if you could help me with this problem.Do you know when the next train leaves?Would you mind if I opened the window? NOTE: If you are asking a yes-no question, use if to connect the introductory phrase with the actual question statement. Do you know if she will come to the party?I wonder if you can answer a few questions.Can you tell me if he is married? Otherwise, use a question word where, when, why, or how to connect the two phrases. Using Question Tags for Clarification Question tags turn statements into questions. Depending on the intonation of the voice, they are used to verify information that we think is correct or to ask for more information. If the voice goes up at the end of the sentence, the person is asking for more information. If the voice drops, someone is confirming information that is known. Construction We can understand question tags as having two parts separated by a comma. The first part uses the subject followed by a helping verb as used in direct questions (Has she). The second part uses the opposite form of the helping verb followed by the same subject (Hasnt she). Subject Helping verb Objects ,   Opposite Helping Verb Subject? You live in New York, dont you?She hasnt studied French, has she?Were good friends, arent we?Ive met you before, havent I? Polite Questions Quiz First, identify which type of question is asked (i.e. direct, indirect, or question tag). Next, provide a missing word to fill in the gap to complete the question. Can you tell me ______ you live?They wont attend this class, _____ they?I wonder ______ you like chocolate or not.______ me, what time does the train leave?Excuse me, _____ you help me with my homework?Do you know how long Mark _____ been working for that company?_____ I make a suggestion?Excuse me, do you know _____ the next show begins? Answers wherewillif/whetherExcuse/Pardoncould/wouldhasMaywhen / what time