While some countries have removed themselves from poverty through foreign aid, like Botswana whose economy has grown as fast as another other in the world due to aid (Lusaka 86), many fall victim to often unfair and ineffective SAPs and loans. The model of development in some third world countries that utilize child labor is damaging to their society and the children. S.L. Bachman, a writer for NABE (National Association for Business Economics), argues that children pay the highest price when it comes to SAPs and repaying loans extended to their country by multilateral development agencies: "This price takes the form of cuts in social services associated with structural adjustment policies" (13) thus children are forced in to poverty because they lack the required services like education and health care to help them succeed.
Contrary to what they report to the public, the structural adjustment programs that the World Bank and the International Monetary fund impose on Third World nations actually not only
place the country in more debt then they were before accepting the loans, but the cuts in social services and policies driven toward an export-led economy hurt the children, and the future of the country. |
