barriers to breaking out of poverty

debt

• many LIDC'S face huge national debts as a result of borrowing from other nations and international organisations this could be to help with infastructure or recovering from a disaster
• very high interest rates. some nations will never be able to pay their debt and are forced to borrow from others to make payments.
• this debt casues dependancy whereby nations become trapped into a spiral of decline.
• sometimes the debt is a legacy of colonisation or unfair loans and can even sometimes from aid that was given with strings attatched

the jubilee 2000 initiative suggested that 'third world bebt' be cancelled, so that nations could restart their economies and take part in the world economy. if a goverment is in debt, it will not be able to invest in education and healthcare, which makes it impossible for them to leave poverty behind 

example- nepal had to spend $210 million on debt: payments in 2015

trade

• trade is the key to breaking out of poverty. a nation will need an income and this will involve importing…