This also allowed future generations the opportunity

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This also allowed future generations the opportunity to be free of debt. (Stapleford, 2009, p.217). 2. What conditions do you believe should accompany debt relief to developing countries? Certainly condition numbers one, two, three, and four would ideally accompany debt relief to developing countries. (Stapleford, 2009, p.218). They are all generally of equal importance, however, condition number one, “A preferential option for the poor with respect to the spending of the funds saved” would be of the utmost importance. This condition determines where the money will be spent. These things may include: education, help for local farms or businesses, nutritional assistance, AIDS prevention and treatment programs, etc. (Stapleford et al., 2009, p. 218). I firmly believe that our government should stop sending aid to countries that knowingly keep aid for themselves instead of disbursing it to the people it is
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ECON 214 D05 201320 Lisa A. Wilson Liberty University meant for. Additionally, aid should not be sent to countries that are hostile towards our country. The aid that we send could certainly come back to bite us, especially if we have no say in how the funds are spent. 3. Why has the application of the World Bank’s standard Structural Adjustment Policies been counter-productive in many developing countries? The World Bank’s Structural Adjustment Policies have been counter-productive in developing countries as a result of poor timing. Decreases in government expenditure had a declining result. Demand fell and unemployment increased. Narrowing economic policy increased interest rates, as well as, reduced the demand for investments, dampened the potential of “poor farmers” and “low- income entrepreneurs” gaining capital (Stapleford, 2009, p.213). The author also notes that “developing countries” who employed SAP programs suffered reduced economic growth, as opposed to those that did not participate in the SAP programs (Stapleford, 2009, p.214). Works Cited Stapleford, J. (2009). Bulls, bears and golden calves . (2 ed.). Downers Grove, IL: InterVarsity Press.
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