Conflict theorists argue that Western financial assistance to Third-World nations
A) promotes agricultural progress and independence.
B) creates a growing indebtedness.
C) is recycled through building projects to Western corporations.
D) creates a growing indebtedness and is recycled through building projects to Western corporations are correct.

Question

Quizplus · Accepted Answer

Conflict theorists argue that Western financial assistance to Third-World nations creates a growing indebtedness and is recycled through building projects to Western corporations. This is because the loans provided by Western nations often come with conditions that force the recipient nations to make purchases from Western corporations in order to fulfill the terms of the loan. Additionally, the loans often come with high interest rates that make it difficult for the recipient nations to pay back the money borrowed, resulting in a cycle of debt. This perpetuates the power imbalance between Western nations and Third-World nations, as the former hold more economic and political power in the global system.

Conflict Theorists Argue That Western Financial Assistance to Third-World Nations