Thursday, December 08, 2005

The immigration program of the U.S.

GSEww056
Summary Response
News Talk

The immigration program of the U.S.

In "Vietnam, U.S. agree to resume immigration program", author says the U.S. will again admit vietnamese, since 1994. The U.S. permitted when Vietnamese citizens apply to "the United States under the former Olderly Departure Program" (ODP) (par. 2). As the result, Vietnamese can immigrate in the U.S. nearly 500.000 Vietnamese. Vietnamese who couldn't apply to ODP, because it closed in 1994, can apply new ODP. Former ODP has some problems that Vietnamese who immigrate into the U.S. are controled under ODP before the end of Vietnam War in 1975.

I agree with new immigration program of the U.S. Until now, a large number of illegal immigrators. It is bad both illegal immigrator and the U.S. government. Therefore the new immigration program is help to immigrators. Legal immigrator who pass immigration program, can have help from the government. However it has problem, because it is applicable on a limit scale, only Vietnamese. I think immigration program should be applicable to more various countries' citizens. Many people, both illegal and legal, are immigrating into the U.S. steadily. If this situation will occur the U. S. government should make immigration program that more applicable to diverse citizens.

Reference:
Vietnam, U.S. agree to resume immigration program. (2005, Nov. 15). Reuters Limited. Retrived Nov. 16, 2005, from http://today.reuters.com/news/newsarticle.aspx?type=worldNews&storyid=2005-11-15T094307Z_01_RID533911_RTRUKOC_0_US-VIETNAM-USA.xml

Wednesday, November 02, 2005

J.LO

My hero is J.Lo, Jennifer Lopez. She is singer, actress, and successful business person. She has cloth line, perfume, accessories line, also attractive voice and fantastic body. I like her passion and ability.
She was born in Latin America. She is not white people, although she became one of the famouse and succeful big star. I disliked her for a while, because she kept company with Ben Affleck. However, another side, I respected her ability that finding guys. I prefer charming person to beautiful person. I think J.Lo is not official beautiful face, but her attitudes ,passions, efforts, are made cahrming person.
According to these reasons, I began to like Jennifer Lopez, at the same time she is my hero who I want to be alike her.

Thursday, October 06, 2005

Grammar Quiz

First, I took modal quiz 1 in “ESL Café Quiz page”. Second, I took present simple quiz in “ESL Blues Quiz page” I think first quiz is better than second, because ESL café quiz page is simple and more similar to the computerized TOEFL. The ESL Blues Quiz page was vague, so I couldn’t find easily what I want.


I took the first quiz on “BBC’s Quiz Page”. It was interesting when I took the quiz, because pictures supported the questions, so these pictures weren’t boring. However, when I finished the quiz, I didn’t find the answers immediately, so I tried the quiz. The second quiz,“englishlearner.com”, was a little monotonous. However, when I solved one question, I find the answer on the top. I could understand my problem at once, so I preferred the second one.

The World Bank

Research paper
EAP2ww055
10/06/05

Abstract

This paper argues that the World Bank should manage fairly, and then they should lead fair trade between the poor countries and the rich countries. First, the World Bank should support the poor countries’ field of agriculture. Second, they should take care of the poor countries’ economic condition. Finally, the World Bank should encourage fair trade.


I have been concerned about the World Bank since 1998. In 1998, the domestic economy of Korea was difficult, so we requested funds. At that date Koreans spent a hard time; at the same time Koreans also became interested in the role of the IMF and the World Bank. It occurred in my school days; I learned about the effects of IMF and the World Bank on Korea’s economy. Now, we have overcome many difficulties. The role of the World Bank is giving to the poor or distressed countries, and then they recover their debt; however, for the Third World it is difficult to pay their debts. “The poor farmers make up most of the billion of people living on less than a dollar a day” (Beveridge, 2005, par. 4), and the World Bank did wrong in the process of recovering. An example is the World Bank’s forcing to open poor countries’ markets, or prohibiting raising tariffs on poor countries’ agricultural staples. “Too many of farmers have been driven to destitution by the rule and practices that govern agricultural trade” (Beveridge, 2005, par. 4). The World Bank also shapes a policy about developed countries’ debts cancellation; it means that the IMF and World Bank should not impose conditions on poor countries seeking debt relief (Davies, 2005). However, it also causes many problems. Suppose we agree that we should continue to pay taxes (Davies, 2005), or the rich countries should have to undertake debtor’s duties. Nowadays the World Bank commits unfair practices; “the World Bank is perpetuating third stage slavery in developing countries” (Phiri, 2005, par. 1). The World Bank should seek fairness in the situation in three ways.

First, the World Bank should support the poor countries in the field of agriculture. Agriculture is one of the major industries in developed countries. The World Bank and the government of developed countries should support their agriculture. The other rich countries have many major industries, but many poor countries have few major industries. For instance, most poor countries give priority to labor; they do not reach a high-tech industry. Therefore their industry depends on basic technology, as in agriculture or manufacture, because they do not have a high-tech or economic stabilization, but the poor countries have a large population. It is the poor countries’ potential power. The poor countries should utilize their labor force, cheap and plentiful labor. The poor countries have factors that make developing agriculture possible. Consequently, the government of poor country and the World Bank should bring up the poor countries’ agriculture. However, the IMF and the World Bank compel the developed countries to import rice, wheat, corn and other staples (Beveridge, 2005). This is unfair. The World Bank should take a neutral attitude between the rich countries and the poor countries; nevertheless, they deceive us with the rich countries. This curtails the fair trade and decreases the morale of the poor countries. For example, Arkansas, in the U.S., earns the largest profits, $123 million (2002-03). They made a profit of 50% of exports to Cuba and Haiti (Financial Express, 2005). The World Bank should persuade rich countries to take in the staples of poor countries. Although the rich countries have many advantages in agriculture, they should import the agricultural products of poor countries. It is a kind of subcontract or specialization. In order to sell the rich countries’ agricultural products, the poor countries should be educated in agricultural technology. At the same time, the World Bank recommends the agricultural technology of rich countries. Although the developing countries’ major industry is agriculture, they do not have high technical skill. The World Bank should encourage technical skill in agriculture. They should teach the method of agricultural technology. For instance, the World Bank asks the rich countries for help, so the rich countries teach a method of agricultural technology. For example, they should support the introduction of high technique in agriculture, farm appliances or farming machines in the developed countries.

Second, the World Bank should take care of the poor countries’ economic condition. The poor countries have more disadvantages than rich countries, so the World Bank should think over this point. They should defend tariffs. The IMF and the World Bank should make flexible rules that help the poor countries against the rich countries. For example, they should restrict the opening of their markets, for rice, wheat, corn and other things, and maintain tariffs in poor countries. However, rice is one of the important crops in the world; two billion people are involved in its trade. The WTO should give help to poor countries that defend their rice tariffs. However, in practice, the rich countries claim it is only because of their profits that they want to cut tariffs (Beveridge, 2005). If it becomes a reality, the poor countries will become more hungry, and poorer, unlike the rich countries. “Under the WTO negotiations, India and China, together home to 820 million rice farmers, are among 13 developing countries that could be forced to slash their rice tariffs” (Beveridge, 2005). And in 1995, the IMF compelled Haiti to reduce their tariffs on rice; as a result, their rice imports doubled (Financial Express, 2005). The rich countries want to reduce tariffs, because of extension of their market for much more money. The rich countries obtain continuous profits from the poor countries; for this reason, the World Bank and WTO should make impartial rules and defend tariffs. With all one of the largest rice exporter is the United State when the rice costs double (Beveridge, 2005). If this situation will continue, the poor countries will never recover their economy. Global Justice Zambia executive director John Phiri said, “We need to protect the interests of the country first before those of the IMF and the World Bank. They are killing us, especially the youth who are dealing with poverty every day,” (Phiri, 2005, par. 12). Moreover “Abruptly lowering tariffs on food in a country where most people are poor farmers is a recipe for disaster” (Beveridge, 2005, par. 11). Therefore the World Bank should manage flexible tariffs. For example, when the poor countries trade with other rich countries, the World Bank charges a high tax against the rich countries. At the same time, they should defend the poor countries’ markets against rich countries’ force. According to Davies (2005, par. 25), “they are likely to be more effectively spent improving poor countries’ international market access.” And the World Bank in cooperation with WTO should open the poor countries’ market by a less aggressive method. Although this is the age of globalization, the market has no frontiers. As a result, people can buy everything, everywhere, at every time. However, most of the rich countries control the world market, because they have high technical skills, abundant employees and a strong power that enables them influence world economy or international economic organizations. “The U.S. manufacturing sector has been pressing the Bush administration and Congress for action, arguing that Chinese goods helped by the undervalued Chinese currency gain an unfair competitive advantage over U. S. – manufactured products” (States News Services, 2005, par. 8). For that reason, they can get the advantageous terms. The World Bank should protect the poor countries’ rights when they sell their goods in the domestic market. The rich countries force the poor countries to import by reason of globalization. The rich countries have many advantages, so they are able to deal their own products more cheaply than the poor countries’ products. If this situation is maintained, the poor countries’ damage will grow bigger. Therefore the World Bank should control when the rich countries’ goods go into the poor countries’ market.

Third, the World Bank should encourage fair trade. The World Bank should control fairly both poor countries and rich countries. They should teach a high method of trade. Most developed countries do not have the advantage when they trade with other countries, so the World Bank should help the poor countries to economic growth in cooperation with the rich countries. The World Bank and G8 nations, Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and Russia, should teach the way of trade. However, the poor countries do not have enough money to be introduced to rich countries’ high method, so the rich countries provide assistant funds. Korea and the other Asian countries have developed by improved economic form and the practice of the government (Fisher-Thompson, 2005). At the same time, they should be on neutral ground between the poor countries and the rich countries. For instance, now the World Bank encourages fair trade and its purpose is debt cancellation of the Third World (Davies, 2005). However, it has a problem, that the rich countries have to pay the debt, instead of the Third World. This means that developed countries’ debt is to richer countries’ governments, the World Bank and International Monetary Fund. This aim is under control of G8 leaders, but they aggravate unfair international debts. The aim brings disgrace to the poorest countries. It is not the best way to cancel debts of the poorest countries. Cancellation of Third World debt does not make some changes to policies and attitude of the poorest countries. The World Bank should help developed countries to pay back their debts, because the cancellation of Third World debt does not make some changes to policies and attitude of the poorest countries. If the World Bank cancels developed countries’ debts, they will decrease their volition about repayment. It will cause bad influence to both the World Bank and to debtors. In this way this the World Bank should pay attention to fairness.

I think that the role of the World Bank is important. The whole world is closely connected with the economy, but each country’s economic conditions are different. Consequently, the World Bank should mediate continuously between the rich countries and the poor countries. The goal of the World Bank is global poverty reduction, improved living condition and support of developing countries (the World Bank Group, 2005). Therefore the World Bank should help the poor countries and encourage the rich countries to help the poor countries.


Bibliography

Beveridge, M. (2005, April 15). Fighting bad trade rules, The Calgary Herald (Alberta, Canada). Retrieved from LexisNexis, August 31, 2005.

Davies, D. (2005, June 30). Should we write off third world debt? The Western Mail. Retrieved from LexisNexis, August 31, 2005.

Phiri, S. (2005, April 12). Zambia; IMF, World Bank are robbing us, Africa News. Retrieved from LexisNexis, August 31, 2005.

Fisher-Thompson, J. (2005, April 20). World Bank nominee seeks education on Africa’s need, US Fed News, Retrieved from LexisNexis, Sep. 21, 2005.

Financial Express. (2005, April 18). Fair trade rules can lift millions out of poverty, Global News Wire- Asia Africa Intelligence Wire, Retrieved from LexisNexis, Sep. 21, 2005.

State News Service. (2005, April 14). Reforms likely to change International Monetary Fund, U.S. says, State News Service, Retrieved from LexisNexis, Sep. 21, 2005.

The World Bank Group. (2005). About us. Retrieved Oct. 03, 2005, from http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html

Globalization and Music

EAP2ww055
Practice Final
10/05/05

Globalization and Music

Do you like to listen to music? Which do you prefer, to buy a CD or download a song? I prefer to download a song, because it is cheap, quick and convenient. In my country, we developed the internet industry. So downloading a song is familiar to Korean young people. In my case, first, I watched music programs, such as MTV, and then I searched for my favorite songs by internet. Although it caused a social problem in Korea, between record companies and song downloading users, it promoted CD sales.

It is good that globalization is affecting the music industry by technology and Internet. It gives an opportunity for customers to buy music at low prices. Meanwhile it brings a good chance for music publishers to get gross profit. At the same time, it helps the music industry flourish.

First, technology is useful to customers who want to buy music. High-technology and Internet make it possible to get musicians’ music directly (Dolfsma, 2000). It is “new intermediaries who enter the market and offer a mix of new and already known services” (Dolfsma, 2000, par.1). Also it is a possible thing that customers can buy music cheaply and easily.

Second, globalization is a help to music publishers. Record companies and music publishers came to earn a lot of money through globalization of music (Dolfsma, 2000). Also “the United States operate on a gross profit margin of thirty to thirty-five percent, whereas overseas this margin can top forty-five percent” (Lanza, 2000, par. 6).

Third, globalization of music is making the music industry thrive. “Internet music piracy not only doesn’t hurt legitimate CD sales, it may even boost sales of some types of music” (Sliverstone, 2004, par. 1). In my case, I listened to music by TV or radio, and then I downloaded a song, if I liked it. I listen to a song continuously; after that finally I buy a CD.

In conclusion, globalization through music is a help to customers and music publishers. At the same time, it make the music industry prosper. Therefore customers and record companies should encourage globalization of music.


Reference:

Dolfsma, W. (2005, May). How will the music industry weather the globalization storm?, First Monday. Retrieved 10-5-05, from http://www.firstmonday.dk/issues/issue5_5/dolfsma

Lanza, A. (2000). Globalization and Music, Retrieved 10-05-05, from http://www.wowessays.com/dbase/ab4/ios47.shtml

Silverstone, S. (2004, June 21). Music downloads: Pirates- or customers?, Working knowledge, Harvard Business school. Retrieved 10-05-05, from http://hbswk.hbs.edu/item.jhtml?id=4206&t=innovation

Monday, September 26, 2005

The World Bank-Argument Essay

EAP2ww055
Argument Essay #2
09/21/05

The World Bank

I have been concerned about the World Bank since 1998. In 1998, the domestic economy of Korea was difficult, so we requested funds. At that date Koreans spent a hard time; at the same time Koreans also became interested in the role of the IMF and the World Bank. It occurred in my school days; I learned about the effects of IMF and the World Bank on Korea’s economy. Now, we have overcome many difficulties. The role of the World Bank is giving to the poor or distressed countries, and then they recover their debt; however, the for the Third World it is difficult to pay their debts. “The poor farmers make up most of the billion people living on less than a dollar a day” (Beveridge, 2005, par. 4), and the World Bank did wrong in the process of recovering. An example is the World Bank’s forcing to open poor countries’ markets, or prohibiting raising tariffs on poor countries’ agricultural staples. “Too many of farmers have been driven to destitution by the rule and practices that govern agricultural trade” (Beveridge, 2005, par. 4). The World Bank also shapes a policy about developed countries’ debts cancellation; it means that the IMF and World Bank should not impose conditions on poor countries seeking debt relief (Davies, 2005). However, it also causes many problems. For example, suppose we agree that we should continue to pay taxes (Davies, 2005), or the rich countries should have to undertake debtor’s duties. Nowadays the World Bank commits the unfair trouble, “the World Bank perpetuating third stage slavery in developing countries” (Phiri, 2005, par. 1). The World Bank should seek fairness in the situation in there three ways.

First, the World Bank should support the poor countries in the field of agriculture. Agriculture is one of the major industries in developed countries. The World Bank and the government of developed countries should cut back their agriculture. They should persuade rich countries to take in staples of poor countries. The other rich countries have many major industries, but IMF and the World Bank compel the developed countries to import rice, wheat, corn and other staples (Beveridge, 2005). This is unfair. The World Bank should help developed countries to pay back their debts, because the cancellation of Third World debt does not make some changes to policies and attitude of the poorest countries. If the World Bank cancels developed countries’ debts, they will decrease their volition about repayment. It will cause bad influence to both the World Bank and to debtors. They should recommend the agricultural technology of rich countries. Although the developing countries’ major industry is agriculture, they do not have high technical skill. The World Bank should encourage technical skill in agriculture. They should teach the method of agricultural technology. For instance, the World Bank asks the rich countries for help, so the rich countries teach a method of agricultural technology. For example, they should support the introduction of high technique in agriculture, farm appliances or farming machines in the developed countries.

Second, the World Bank should take care of the poor countries’ economic condition. They should defend tariffs. The poor countries have more disadvantage than rich countries, so the World Bank should think over this point. However, it is different in reality. The rich countries want to reduce tariffs, because of extension of their market. If this is the case, the poor countries will never recover their economy. For example, when the poor countries trade with other rich countries, the World Bank charges a high tax against the rich countries. “Abruptly lowering tariffs on food in a country where most people are poor farmers is a recipe for disaster” (Beveridge, 2005, par. 11). They should defend their markets against rich countries’ force. According to Davies (2005, par. 25), “they are likely to be more effectively spent improving poor countries’ international market access.” And the World Bank in cooperation with WTO should open the poor countries’ market by a less aggressive method.

Third, the World Bank should encourage fair trade. The World Bank should control fairly both poor countries and rich countries. They should teach a high method of trade. Most developed countries do not have the advantage when they trade with other countries, so the World Bank should think over their condition. The World Bank and G8 nations should teach the way of trade. However, the poor countries do not have enough money to be introduced to rich countries’ high method, so the rich countries provide assistant funds. For example, Korea and the other Asian countries have developed by improved economic form and the practice of the government. (Fisher-Thompson, 2005)At the same time, they should be on neutral ground between the poor countries and the rich countries.

I think that this problem is very difficult, because these problems have interests in each country. Therefore, the World Bank should mediate continuously between the rich countries and the poor countries. The World Bank’s role is important, because the whole world is closely connected with economy. However each country’s economic conditions are different. Therefore the World Bank should help the poor countries and encourage the rich countries to help the poor countries.



Reference:
Beveridge, M. (2005, April 15). Fighting bad trade rules, The Calgary Herald (Alberta, Canada). Retrieved from LexisNexis, August 31, 2005.

Davies, D. (2005, June 30). Should we write off third world debt? The Western Mail. Retrieved from LexisNexis, August 31, 2005.

Phiri, S. (2005, April 12). Zambia; IMF, World Bank are robbing us, Africa News. Retrieved from LexisNexis, August 31, 2005.

Fisher-Thompson, J. (2005, April 20). World Bank nominee seeks education on Africa’s need, US Fed News, Retrieved from LexisNexis, Sep. 21, 2005.

Wednesday, September 14, 2005

The World Bank

EAP2ww055
Research Paper Proposal #2
09/13/05

The World Bank

I have been concerned about the World Bank since 1998. In 1998, the domestic economy of Korea was difficult, so we requested funds. At that date Koreans spent hard a time; at the same time Koreans also became interested in the role of the IMF and the World Bank. It occurred in my school days; I learned about the effects of IMF and the World Bank on Korea’s economy. Now, we have overcome many difficulties. The role of the World Bank is giving to the poor or distressed countries, and then they recover their debt; however, they did wrong in the process of recovering. An example is the World Bank’s forcing to open poor countries’ markets, or prohibiting raising tariffs on poor countries’ agricultural staples. They cancel developed countries’ debts, but it also causes many problems. For example, suppose we agree that we should continue to pay taxes (Davies, 2005), or the rich countries have to undertake debtor’s duties. Finally, the World Bank should encourage another solution.

I plan on writing that the World Bank should execute fairly. These solutions must be fair to both poor countries and rich countries. First, the World Bank should support the poor countries’ economy, and then they should recover the debts. If the World Bank cancels developed countries’ debts, they will decrease volition about refund. It will cause bad influence to the World Bank, poor countries, and rich countries. Therefore, they should persuade rich countries to take in staples of poor countries, especially their farm products. The rich countries have the ability to control the world trade by themselves. The rich countries should purchase some products, so they should help to change in poor countries’ economic environment. Second, the World Bank should cut down tariffs of the rich countries instead of the poor countries. The poor countries have more disadvantage than rich countries, so the World Bank should think over this point. However, it is different in reality. The rich countries want to reduce tariffs, because of extension of their market. If this is the case, the poor countries will never recover their economy. “Abruptly lowering tariffs on food in a country where most people are poor farmers is a recipe for disaster” (Beveridge, 2005). We have to live together. Third, the World Bank should encourage fair trade. For example, they ask G8 nations for help, so G8 countries teach a method of trade, like teaching a secret method of trade. The World Bank should make circumstances that encourage interdependence between G8 nations and the poor countries.

I think that this problem is very difficult, because theses problems have interests in each country. Therefore, the World Bank should mediate continuously between the rich countries and the poor countries.


Reference:

Beveridge, M. (2005, April 15). Fighting bad trade rules, The Calgary Herald (Alberta, Canada). Retrieved from LexisNexis, August 31, 2005

Davies, D. (2005, June 30). Should we write off third world debt? The Western Mail. Retrieved from LexisNexis, August 31, 2005

Tuesday, September 13, 2005

A role of the world Bank

EAP2ww055
Summary Response#2
09/07/05

A Role of the World Bank

In “Fighting bad trade rules,” Michelle Beveridge says that the World Bank, IMF and WTO should make fair trade rules, because all the world should live well together.

A campaign was held that demonstrated for the changing of unfair trade rules. It was held by campaigners and people of poor countries. They who are living in poverty live on small money, because of unfair rules about agricultural trade. Therefore IMF and the World Bank should make flexible rules that help the poor countries against the rich countries. For example, they should restrict to open their markets, for rice, wheat, corn and other things, and maintain tariffs about in poor countries. However, it will cause Rice is one of the important crop in the world, so two billion people are involved in its trade. The WTO should give help to by poor countries that defend their rice tariffs. In addition, rich countries should assist to providing subsidies. The fair trade rule is essential for expelling destitution in the world.

I think The World Bank should help poor countries, because they have to recover debts. If developing countries cannot pay their debts, it will cause other problems. However, the World Bank cannot solve this problem, so they need help from other organizations, such as IMF and WTO.

First, they should cut tariffs of rich countries instead of poor counries. The poor countries have more disadvantages than rich countries, so the World Bank should think over this point. The World Bank should obtain WTO and other rich countries’ consent, and should reduce tariff, especially on agricultural staples. And then poor countries can keep economic stabilization.

Second, they should teach the advanced technology of rich countries. The poor countries depend on agricultural trade. The World Bank should suggest the way to get advance skills in agriculture or trade.

Third, they should persuade rich countries to take in staples of poor countries. The rich countries have the ability to control trade by themselves. However, nowadays the whole world have to live together, so the rich countries should purchase some products, so they should help to change poor countries’ economic environment.

In conclusion, the World Bank should manage debts, at the same time, and debtors. Consequently, the World Bank in cooperation with IMF and WTO should assist poor countries and make fair trade rules.


Reference:

Beveridge, M. (2005, April 15). Fighting bad trade rules, The Calgary Herald (Alberta, Canada). Retrieved from LexisNexis, August 31, 2005.

Thursday, September 08, 2005

Influence of World Bank

EAPww055
Summary Response 1st Draft
09/01/05
Influence of World Bank

In “Should we write off third world debt?” Daniel Davies says that the World Bank should recover developed countries debts in cancelling. The World Bank encourages fair trade and its purpose is debt cancellation of the Third World. However, it has a problem, that the G8 has to pay the debt, instead of the Third World. This means that developed countries debt is to richer countries’ governments, the World Bank and International Monetary Fund. This aim is under control of G8 leaders, but they aggravate unfair international debts. The aim brings disgrace to the poorest countries. It is a best way to cancel debts of the poorest countries. Cancellation of Third World debt does not make some changes to policies and attitude of the poorest countries. The World Bank and G8 leaders should give other advice to the poorest countries that make promotion of international trade access.

I disagree with this article. The World Bank should encourage another solution, because canceling debt will cause some problem when richer countries have to take the responsibility and developed countries fall off their ability.

First, the World Bank should just recover the debt, so they should enact rule. When debtors cannot pay their debts, the World Bank can give some disadvantages. For example, when the debtor trade with other countries, the World Bank charge a high tax. If the World Bank cancels developed countries’ debts, they will decrease volition about refund. It will cause bad influence to both the World Bank and to debtors. This rule should be execute. Therefore the World Bank should be paid back from developed countries.

Second, the World Bank should encourage fair trade. The World Bank should recover debts from debtors, and they should teach another method. They should teach the method of fair trade. For instance, the World Bank asks G8 nations for help, so G8 countries teach a method of trade. The world Bank should make circumstances that interdependence between G8 nations and debtor’s countries.

Third, when the World Bank advances money, they should limit the price. If they return debt, they consider the debtors’ ability. If they do not standardize that loan, it will be dangerous not only for the World Bank but also for debtors. therefore, They should make a rule when they advance money.

In conclusion, the World Bank should assist the poorest countries so that they can pay their debts. They should give another method instead of cancellation of debts.

Reference:
Davies, D. (2005, June 30). Should we write off third world debt? The Western Mail. Retrieved from LexisNexis, August 31, 2005.