... historical events that took place which has led to the poorer countries {who were exploited}, being financially unstable and owing a great deal of finance to the larger, dominating countries. To some extent this is true to 21st century in which, countries inside of Africa still face large debts to the International Monetary fund and in a way are still being exploited. In some African countries they can only repay the interest on the debt that has accumulated over a certain period of time and with that in mind the 3rd world countries are receiving less in loans from the IMF than they are paying them. Therefore not only does this deprive the inhabitants of necessities but also fails to create any foundation for the country to establish itself both financially and economically. For example with huge debts to be paid every year, the country is unable to invest in ...

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