IB Economics SL Debt boomerang
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The document discusses how debt creates problems for developed countries and argues that eliminating debt would benefit them. It lists ways that debt leads to issues like environmental damage, higher unemployment, drug use, immigration, higher taxes, and conflict. Specifically, it provides examples of how climate change, which is linked to environmental damage from debt, has negatively impacted the US through events like Hurricane Katrina and increased illness and deaths from heat, poor air quality, and contaminated water.
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Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
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Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
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What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
IB Economics SL Debt boomerang
- 1. DEBT BOOMERANG Debt creates problems for the developed countries. Susan George argues that the developed countries themselves would thus benefit if debt were eliminated
- 2. Lists of Debt Boomerang Environmental damage Higher Unemployment Drugs usage Increased Immigration Higher Taxes Increased level ofconflict
- 5. Impact on United States Hurricane Katrina Heat-related illness and deaths Decrease in air quality Illness from contaminated shellfish due to harmful algae related to warmer coastal water Other diseases caused by groundwater contamination (extreme rainfall and higher water temperatures)