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Econ 214 Christian Ethics 3

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1. What is the biblical basis for the Jubilee 2000’s call for the immediate canceling of debts of all HIPCs?
a. Leviticus 25:14, “you shall not oppress one another.” (NJKV) Those who are more fortunate, economically, should not be oppressors against those less fortunate. The author also states that Christians should not lend more than they are willing to lose. If we live by scripture than “many common means of collection are unscriptural.” (Stapleford, p.216) God would rather us spread the good news and bring others to the Lord than collect debts.
2. What conditions do you believe should accompany debt relief to developing countries?
a. I agree with most of the conditions outlined in Chapter 15. Some of the conditions I believe are the most important are as followed:
i. “Active Democracy and participation of civil society in goverance, transparency” (Stapleford, p. 218) Get citizens more involved in affairs. Punish government corruption. Transparent budgets with checks and balances. ii. “Investment by developed countries in technology necessary to foster developing-country development.” (p.219) Many developing countries do not have the infrastructure to fight disease and have very unstable energy sources. They need to invest in technology to give them the tools necessary to have economic growth.
3. Why has the application of the World Bank’s standard Structural Adjustment Policies been counter-productive in many developing countries?
a. SAP is more concerned with debt repayment and structuring economic growth in “cookie-cutter” fashion. When a developing country participates in SAP, money is taken away from other things in their society such as healthcare, education and development. These developing countries have very tough battles with disease and other things. I agree with Stapleford that the focus should be on economic development tailored to each country rather than mainly focusing on debt repayment.

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