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Is it worth it to increase our external debt for sustainable living?

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Is it worth it to increase our external debt for sustainable living? Empty Is it worth it to increase our external debt for sustainable living?

Post by GabrielaGarzon Mon 2 Oct - 18:04

Usually when Colombia wants to join globalization we ask for money to our high-resources neighbors, but as we all know that isn't free. So is it worth it to increment our debt for sustainable living?

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Is it worth it to increase our external debt for sustainable living? Empty Re: Is it worth it to increase our external debt for sustainable living?

Post by Carlosparra3 Mon 2 Oct - 18:31

GabrielaGarzon wrote:Usually when Colombia wants to join globalization we ask for money to our high-resources neighbors, but as we all know that isn't free. So is it worth it to increment our debt for sustainable living?
Although it might be worth, the increase on our external debt should be moderated. We could progress on this issue by avoiding corruption and probably with more hope and less laziness. The external debt is a serious issue, but as we know it takes a lot of time to pay for it. Moreover, we (the South American countries) have United States as a “role model”, a place where their external debt overpasses the 10 trillion dollars and still they are a powerful country.
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