NASSIR Posted February 26, 2009 You can look at and reflect on these official stats collected by Illinois State University Professor, Manfred B. Steger in his book, Globalization' published by Oxford University Press. :cool: ------ * Amount of money owed by the world's 47 poorest = $422 billion * Amt of money western industrialized nations spend on weapons and soldiers every year =$422 billion (only annually) Amt of money African nations need to service their debt each year. =$ 13.6 billion * Annual income per person in Zaire = $110 * Amt of money each person in Zaire would need to pay to extinguish the country's debt $236 * Percent of Zambia allocated for foreign debt service = 40% of GDP * Percent of Zambia allocated for basic services = 7% of GDP. * Profits made by Exxon in 2000= $ 16.9 billion * Total debt burden of Benin, Chad, Guinea Bissau, Sao Tome, Togo, Rwanda, Somalia, Mali, Central African Republic, Sierra Leone, and Niger. = 16.5 billion. * Percent of debt owed by the world's poorest that the IMF and World bank can cancel without jeopordizing their operations = 100% * Amt they agreed to cancel =30% Quote Share this post Link to post Share on other sites
