I believe that these two publications have done an incredible amount of research and much of which may be very well intended, but we have to ask, what are the special interests? What do the other parties ie foreign stakeholders have to gain and at what cost? Maybe a culture of debt is not right for all or any societies. I mention this, because this is a publication written by the world bank and banks lend money or at the very least facilitate the exchange of money. I think that in order to better evaluate a situation as complex as this, we must also do some research into the roots of what causes a nation to be considered less than “1st World”. How did these “lesser nations” get here, was it always like this? If not what has or is still causing this?
http://topdocumentaryfilms.com/life-and-debt/ This documentary explores the dangers of outside intervention and the use of debt to, in theory help a nation, but actually prolong its economic suffering and or make it much much worse.
I think that it is absurd and an insult to the local people to say that the locals need outside assistance. According to this and many other documentaries, debt is actually a manipulative tool to gain more control over a nation and the people who inhabit it.
One other documentary film http://www.youtube.com/watch?v=Ui0NL3bb21o and or book that should be read for consideration is called “Confessions of an Economic Hitman” http://library.uniteddiversity.coop/Money_and_Economics/confessions_of_an_economic_hitman.pdf . This is a documentary and book that details the career of John Perkins http://en.wikipedia.org/wiki/John_Perkins_(author) who claimed that he played a role in economic colonization of third world countries. It’s wildly entertaining to say the least and if any of it is true, then debt to third world nations is grossly immoral and highly dangerous to all civilizations.
When we read publications from places like the World Bank or a large corporation claiming to do well for the less needy in the world, we must also be aware of the other side as well, and wonder why are they doing what they are doing, what is their long-term goals, and ramifications for making those choices?