Up until
World War I, countries that were either unable or unwilling to repay their
loans were simply occupied militarily by the creditor nations. With the
emergence of Pax Americana and the Bretton Woods system (1944 – 71), gunboat
diplomacy was replaced by subtler methods of ensuring ‘repayment morale’ among
debtor nations. What remained unchanged; however, were the underlying relations
of power in the international credit system. >>>Read on>>>
I applied for church financing at Griffin's Church Loans. I only know Spanish but can't speak English, so it was an obsessing situation that how will I communicate about our problem. But they have representatives that speak English, Korean, and Spanish and so I haven't face any problem to communicate thoroughly.
ReplyDelete