Christian Ethics Project #3 Essay

622 WordsMar 1, 20133 Pages
Christian Ethics Project #3 1. The biblical basis of Jubilee 2000’s call for the immediate canceling of all debts of HIPC’s is found in Leviticus. This bible book states that “you shall not oppress one another.” Also in the book of Leviticus in the case of someone who becomes poor and in turn to sells his possessions then his relative may redeem the possessions he sold. Or if the man has no one to redeem it but he himself becomes able to redeem it then let him count the years since the sale, and restore the remainder to the man whom he sold it, that he may return to his possessions. But if he’s not able to have it restored to himself, then what was sold shall remain in the land of him who bought it until the year of Jubilee and in the…show more content…
I believe in helping those who are helping their selves. I feel that heavily in debt countries should show progress for specific amount of time along with having a detailed and favorable plan in place for the future. I also agree the HIPC when it requires that the countries should focus on export diversification, can’t be at war with neighboring countries, and that domestic price ceilings should be eliminated especially on agriculture products. One additional note is that assistance provided should be tailored country by country to best fit each country’s specific situation. 3. Part of the reason the World Bank’s standard Structural Adjustment Policies has been counterproductive partially because of unfortunate timing. Reduce government spending caused a recessionary effect, decreasing demand and increasing unemployment hurt nations. Strict monetary policy raised interest rates and helped to further suffocate investment demand and access to capital for poor farmers and low-income entrepreneurs. Currency devaluation did make exports cheaper but at a time when export markets for primary goods were oversupplied and prices were falling. Import cost also rose making it more expensive for domestic producers to obtain new technology and replacement parts. In addition, privatization of government enterprises also increased efficiency, which was accompanied by downsizing, which resulted in unemployment for thousands of the middle class. At this time the reductions in
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