Origins of the Debt Crisis and Its Role in Nigeria Analytical Essay by Top Papers

This paper focuses on the global arena of the 21st century and the public profile of the Debt Crisis, which once dominated headlines in the developed and developing worlds, has been largely supplanted by such concerns as terrorism and US military interventions in Iraq and other countries. This being said, the paper asserts that it may be argued that the primary features of this crisis remain with us today, and continue to define the economic and the social disparities between the global North and South. These disparities have served to reinforce the power of the industrialized powers and, in the process, ensure the continual underdevelopment of the so-called "Third World".