Dedicated to the impoverished in forgotten places of the world, this book questions whether the likes of the World Bank, the International Monetary Fund, the United States Agency for International Development and other big international aid organizations help or hinder the world’s poorest people.
It also questions whether the aid packages provided are genuine or whether they are scams designed to subjugate Third World countries.
BANKRUPTING THE THIRD WORLD: How the Global Elite Drown Poor Nations in a Sea of Debt, by novelists, filmmakers and independent researchers James Morcan & Lance Morcan, exposes the culture of corruption within the aforementioned aid organizations and the arrogance with which they treat their Third World ‘clients.’
The Morcans reveal there’s a nefarious hidden agenda at play whereby the ‘generosity’ extended by international aid organisations in assisting the development of the Third World and providing relief in the event of natural disasters comes with serious strings attached. Strings designed to fleece vulnerable nations.
The reader is reminded the economic hit men popularized in John Perkins’ 2004 bestseller ‘Confessions of an Economic Hit Man’ are still alive and well – in Africa in particular.
BANKRUPTING THE THIRD WORLD puts two poverty-stricken nations under the magnifying glass to reveal the long-term impact of being the recipient of substantial financial aid from the West. The resulting debt accrued by these nations may surprise even the most skeptical reader.
In writing this book, the authors were motivated by one sickening statistic: 21,000 people die from starvation every day. That’s one person every four seconds!