Q: Do wealthy countries profit from the development industry? A: Yes, wealthy countries definitely profit from the development industry. In order for them to contribute to multilateral organizations, they need something in return as collateral. Therefore, they need to give some sort of interest rate to whichever country they loan too to make sure they get their money back, because they are already taking a risk lending out all this money to a country that isn’t even guaranteed to give it back. Q: Do they profit more than countries who are developing? A: It depends what you mean by profiting. If you mean immediate profit, no one really benefits
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This note was uploaded on 04/01/2008 for the course GEOG 1982 taught by Professor Gaile,g during the Spring '06 term at Colorado.