Need a Sample Essay to Win a Scholarship? Learn How to Write One

Need a Sample Essay to Win a Scholarship? Learn How to Write OneThis question is not as easy to answer as it seems, but you will be able to understand it better if you have a proper knowledge of the various aspects of academic excellence. When you need a sample essay to win a scholarship, you should always keep in mind that you are applying for scholarships only. Scholarships for students need to be paid by the scholarship's agency and not by the student.The student needs to produce an essay that matches the criteria for the scholarship. If your essay does not make any sense or contains grammatical mistakes, then you do not stand a chance of getting the scholarship. Your essay should be well-written and should have the proper amount of research and facts to support your claims. If you are not sure on how to write a winning essay, do not worry, there are many online sources available that offer some valuable help.There are many online research resources available for the students who need samples of essay writing that meets the criteria for a scholarship. However, if you choose to use one of these resources, make sure that the sample essay you are looking for is unique and stands out from the others. There are many websites that offer samples of essays that meet the criteria for a scholarship.The common practice of writing an essay in such a way that it can be used as a sample is not recommended as this is not considered as an authentic essay. All the essay that you write should be original and should have the right quality. Students are required to read a lot of essays, so it is very important that you find a good source to provide you with samples.Before you select a particular essay, you should consider a few factors before deciding to use it as a sample. You should first look for an essay that has been accepted by the university that you are applying for a scholarship from. For this purpose, you should check the websites of the different universities and see if they have an updated list of available scholarship.Once you have found a reliable source, you should write the essay so that it can be accepted as a sample by the scholarship provider. It is necessary that you should use a variety of styles so that the essay can be viewed as a valuable contribution by the student. In addition, you should make sure that you have used the writing style that has been approved by the university.For this reason, it is very important to note that the essay must be written using the academic style, grammatical rules for the discussion of details. As you know, the higher the standard of academic writing, the higher will be the chances of winning a scholarship. While you are writing your essay, you should remember that the main objective is to gain admission into the school you want to go to.This is because if the essay does not produce a positive result, you will not be able to win a scholarship from the scholarship provider. This is why you should make sure that you keep your essay in accordance with the requirements. Make sure that your essay is completely original, and that it provides all the information required by the school.

Unbiased Report Exposes the Unanswered Questions on Worst College Essay Reddit

<h1> Unbiased Report Exposes the Unanswered Questions on Worst College Essay Reddit </h1> <p>College confirmation is genuinely a purchasers advertise when you get past the. Structure of an exposition A compelling school paper needs to have an away from of the whole substance. Two new article alternatives are included, and some of the past inquiries are modified. </p> <p>The paper some portion of your application is the most pivotal. It's feasible for you to compose writing survey in which you uncover your sources and the manner in which they helped in your conversation. Moreover, an elegantly composed organization uses straightforward and suitable words. </p> <p>The early on segment of the article ought to incorporate a solid proposition proclamation that diagrams the key recommendations and contentions of your paper. The manner in which the subject influenced you'll have an enormous impact in the manner you will compose your article. Despite the fact that your exposition should be about you, it should be brief. Exhausting expositions Most articles aren't too intriguing to peruse, and that isn't really an awful thing. </p> <p>Each scholastic task must be unique. In the occasion the understudies are going up against any issue with the punctuation rules, at that point they should get a syntax guide or attempt some low maintenance on-line sentence structure classes. They simply need to concentrate on the primary topic of the paper and afterward choose which opening line to be utilized for the article. </p> <h2>Worst College Essay Reddit - Is it a Scam? </h2> <p>It is conceivable to likewise arrange a completely composed thoroughly analyze paper and reduce the amount of work you have to do. Nor is an incredible thing, since they're looking for people that are available to getting new data from teachers and not just choosing they know everything as of now. A great many people make some trying memories looking at over their own one of a kind work. Because you're given all out opportunity what you will compose, doesn't show that you have to compose calmly without giving any evide nce. </p> <p>If you aren't sure you will figure out how to choose an extremely amazing theme for your article, demand exposition help in the assembled realm from our scholastic specialists. The paper is simple when you begin contemplating the colossal pictureand utilizing your own point of view. It is effectively one of the most troublesome pieces of the school application process. It is the most significant piece of your grant application, so you need to ensure you give the best impression you can. </p> <p>Possessing a perfectly clear and organized arrangement is the establishment for any fantastic piece of composing, and a school article isn't any extraordinary. Having a blueprint can make the composing some portion of the paper go significantly smoother. Remember your paper shouldn't be influential, however clear and educational. A cognizant exposition won't give you inconvenience understanding what you're perusing. </p> <p>Students realize the best approach to be inventive. A few understudies may find unrivaled themes on the net, however some believe such systems to be weak. They can't compose the fundamental body passages appropriately. Understudies who exceed expectations recorded as a hard copy about such complex point could have a chance to be enlisted into some of the perfect Art colleges to concoct their capacities and ability. </p> <p>Perhaps it isn't amazing a craftsmanship school is at the base of the rundown. You might want to advise on the off chance that it is conceivable to adapt to considers or if it's conceivable to fit in the educational plan. Also, an extraordinary sythesis doesn't avoid the real issue. The universities don't wish to hear something they definitely think about themselves. </p>

Physics Extended Essay Topics - How To Break Down Topics Into Easy To Understand Items

<h1>Physics Extended Essay Topics - How To Break Down Topics Into Easy To Understand Items</h1><p>Physics Extended Essay Topics are an incredible method to separate huge subjects and breath life into them in a fascinating manner. It is significant that you see the entirety of the material that you are going to cover, and as such you should choose your subjects cautiously. Your point ought to be one that will keep your peruser intrigued, simultaneously it ought to likewise be one that you feel good composing about.</p><p></p><p>Now that you have your brief on expanded exposition themes, the time has come to begin burrowing. These expositions can go from straightforward one-page instructional exercises, to protracted, multi-page articles, all while keeping to the topic of your last grade. There are a lot of assets on the web that will permit you to begin. You can even beginning with your school's IT office and inquire as to whether they have an y assets that may have the option to help you out.</p><p></p><p>The most ideal approach to discover help, on the off chance that you can't discover it yourself, is to exploit the assistance of other people who are as of now knowledgeable in the topic. The web furnishes you with an abundance of data that can furnish you with the entirety of the appropriate responses you are looking for.</p><p></p><p>The web gives access to a huge number of pages of articles and free assets that will assist you with beginning. You should be exceptionally cautious while choosing your article themes nonetheless, in light of the fact that you would prefer not to go with whatever is excessively simple or excessively troublesome. In the event that you find that you are stuck or overpowered, at that point you should investigate making your own theme and perceiving how that goes.</p><p></p><p>There are numerous spots that you can go to f or help with exposition subjects, however you should be cautious while choosing which one you pick. It would be a smart thought to discover as much as possible about the material you are utilizing. Regardless of whether it is a solitary theme or a total undertaking, ensure that you are learned about what you are looking for.</p><p></p><p>One beneficial thing about getting your work done for material science exposition subjects is that you are separating the material that you are concentrating into more clear parts. This implies your expectation to absorb information will be much more extreme than it in any case would be. You will have the option to ingest the data significantly more quickly.</p><p></p><p>Hopefully this article has helped you in your journey to discover propelled composing materials for your physical science exposition themes. Great luck!</p>

Interesting Essay Topics

Interesting Essay TopicsOne of the most effective ways to impress admissions officers and make it into college is to write an interesting essay on an interesting topic. College essay topics can be anything from Sports, Family, Relationships, Health and Personal History to Politics and Philosophy.Topic oriented essays are not always easy to write. There are various ways that people have succeeded in writing the essay. One of the most popular ways to do it is by using the information you have at hand. This is usually a very powerful tool for students.Another way is by choosing research articles, which you find interesting. The best ones are normally the ones that contain short paragraphs, some statistics and ideas that others might think about and could have come up with themselves. When writing the research articles, it is important to make sure that you give enough emphasis to the research papers that you choose. When doing this, you must also get the ideas from the data that you are studying.An idea or two from your personal experience and also from the fields of your interest are also a great idea. It is important to put in the most personal details, which would show the reader how much you appreciate them, or what the causes and struggles of your life are. As an example, if you are a student who reads a lot of books on sports and have a lot of sports knowledge then you could write about sports.Most students find it hard to write an essay that has a feeling of 'you' in it. What this means is that you must show the reader that you understand the difference between yourself and other people. For instance, if you feel good talking about your hobbies and activities, then this should show the reader that you are unique and special in this way.Essay topics are sometimes difficult to judge if you do not have prior knowledge about the topic. For instance, if you know that you are going to study, health, sports and politics, but do not know which topic you should writ e about. You may find that if you only research the topic in front of you, it will all fall into place.Some places to look for help include forums on the Internet and local colleges that offer information about the topic that you want to write about. Talking to friends, or anyone you know who have done an essay on the topic before, would also be a good idea. There are many ways to write an interesting essay and everyone is different.Students interested in writing an interesting topics need to follow these tips. They may be surprised at how easily they can write the essay when they do it the right way.

Essay Topics For Writing Articles With Soccer As Your Essay Topic

Essay Topics For Writing Articles With Soccer As Your Essay TopicOne of the most important components of any writing is its essay topics. Essay topics can make or break your written article or book. The appropriate essay topics will be dependent on the topic you are writing for the topic to be successful, of course. There are several essay topics you can choose from, but be sure that the topic you choose will be discussed in your target audience.There are many famous essay topics of all kinds of sports, but for this article I would like to focus on soccer. Soccer essays are very common today. If you want to know why, then you will have to consider a few reasons why this essay topic is very popular. A soccer essay can reach a global audience because soccer is played by many countries around the world.Soccer is one of the most popular sports and anyone can play it. Whether you play the sport on an amateur level or on a professional level, you can still enjoy the sport without spending much money on travel expenses. This means you can still have fun playing soccer while saving some money.For soccer essay topics, you can choose among many different topics. Soccer comes in many different ways, so the essay topics are different too. For example, a soccer essay can focus on the teams that play on that particular country's team. You could also write an essay about the various teams competing in different countries. However, the key thing is that your soccer essay should focus on soccer.Another aspect of choosing a soccer essay topic is to determine whether or not your target audience is professional or non-professional. Professional soccer fans usually have specific areas of interest, such as their favorite players. On the other hand, non-professional soccer fans generally enjoy the game for what it is and what it represents.Some of the more popular soccer essay topics include team-specific essays. This type of essay can focus on the differences between specific teams, players, or teams. This also allows you to look at how the game of soccer has changed over time, by comparing teams in different eras.The soccer essay topics of today are very similar to those used by previous generations. Consider the fact that soccer was played even before Europeans and Americans even arrived on the continent. Therefore, you can easily find past essays by these other generations to be very informative. Thus, look into the past to help you understand the present.

Important Events in Contemporary History Free Essays

INT1010 Contemporary World One Event #1: The Korean War 1950 On June 25th 1950, communist North Korea proceeded to invade western- supported South Korea to unite Korea by force. Significance to contemporary history: Event #2: Malayan Independence 1957 What happened? Significance to contemporary history: Malayan Independence reinforced the ending of colonialism in South East Asia. Also, it signified the ability and right to self-rule for previously colonized states. We will write a custom essay sample on Important Events in Contemporary History or any similar topic only for you Order Now Following independence, Malaya’s tin and rubber export also gave a significant boost to the US dollar. Event #3: The formation of the Berlin Wall 1961 What happened? In August 1961, a physical partition of between East and West Germany was put in place in Berlin under the command of President Khrushchev. Significance on contemporary history: The Berlin Wall symbolized the acceptance of the status quo in Europe by both sides. The most significant aspect of the Berlin Wall is arguably the fact that it clarified worldwide the difference between the two superpowers and their varying political system. The Berlin Wall went on to become the symbol of the ultimate measure of inadequacy of communism. Event #4: The Cuban Missile Crisis 1962 Significance to contemporary history: The Cuban Missile Crisis marks the first and only time the world has come close to a nuclear war. As a result, both The Soviet Union and The United States worked towards improving their communication and easing tensions, which led to the creation of a ‘hot-line’ between American and Soviet capitals. However, both parties also continued the development of their nuclear weapons, which resulted in a world of mutually assured destruction (MAD). Event #5: Islamic Revolution In Iran (also known as the Iranian Revolution) 1979 What happened? Significance in contemporary history: The revolution brought much attention to Islam and interest in the concept â€Å"neither East nor West† that is, not American or Soviet policies. The newly Islamic republic also called for the overthrow of or other monarchies and the replacement of them with Islamic leaders. Internally, the revolution gave rise to the improvement of healthcare and education while also, eliminating secularism and the American influence in the government. Bibliography Timon Singh, ‘The Construction of The Berlin Wall’, 2009, http://www. euinfrastructure. com/news/construction-of-the-berlin-wall/, accessed 23 March 2010 Anthony Best, International History of the Twentieth Century and Beyond, Oxon 2004, p240-242, 250-253, 463-466. How to cite Important Events in Contemporary History, Papers

Debt and Developing Nations System

Question: Discuss about the Debt and Developing Nations System. Answer: Introduction Developing economies or developing nations rather find it difficult or wholly impossible to oversee its development and pay for all its expenses on its means and ensure correct management and use of its expenditures and resources without both internal and external borrowing. According to Faiez H. Seyal, the International Monetary Funds (IMF, 2006) says that the level in which the borrowing rate of these countries have gone up and at a very alarming unsustainable rate. They say that the total external debt owed by the developing nations increased by 437 billion dollars to stand at 4trillion dollars at the end of 2010, the latest period for which data is available. The agricultural and mineral exports produced by these developing nations together with the revenue collected does not earn them enough to sustain their economies hence the massive accumulation of these debts both foreign and domestic. Public debt, which is, basically, the borrowing of capital, machinery, and technology by governments from within the country (domestic) or from foreign lenders, from private individuals or both banking and non-banking financial institutions, are classified as; In-house or internal debt is that which is borrowed with the country while the foreign one is that which is borrowed from foreign creditors, outside a country. Productive debts are those that are expected to enable the creation of assets that will increase the level of income earned to be able to sustain the country and pay back the debt together with the accrued interest. Non-productive loans do not generate any assets and are albatross. Short term and long term Short term loans, also known as floating debts, are temporary thereby having a short maturity period and paid after a short period while long-term debts take a lot of time, maybe some years, before it is paid. There are various causes that have led to the increase of public debts by developing nations, besides war including the following; The high deficits in federal budgets. These arise from the need by these governments to sustain a full economic activity where they cease to expand. Shortage of foreign exchange and an increase in the capital flight, Excessive foreign aid and the commissioning of welfare schemes in the modern times by these states. The increase in both corporate and house debts and the growth in war preparedness in an attempt to guard their territories against intruders and enemies. It has been proved beyond doubt that extensive study and research that developing nations face a daunting challenge to achieve economic growth, even when they are producing and exporting goods, and that a countries debt burden played a significant role in influencing the productivity of labor and capital. (Cunningham, 1993). Years later, a study published in the World Bank Economic Review that linked performance in different financial sectors to rate of economic growth and distribution of income. It became apparent that developing countries had been locked into a cycle of incurring debt to finance debt (Beck, Demirgu-Kunt, Ross, 2010). These findings were confirmed in another study published in 2010. Jens Hilscher and Yves Nosbusch have also reported the phenomenon associated with varying interest rates at which emerging markets borrow and repay. Sometimes this phenomenon could have contributed to its inability to repay debt and avoidance to incur more(Vasishtha, 2010). IMF, the World Bank and the government aid are the major lenders to these economies and these countries have no other obligation than to enrich their creditors through their low priced supplies to get the deficits to sustain their economies. The less developed countries (LDCs) borrow both externally, foreign debts, and internally, that is, domestic debts(Hilscher Nosbusch, 2010). These countries have a tendency of borrowing from its commercial banks and financial institutions that give credit with little maturity period and has increased the debt volatility from 7.8 -14.4 percent of Gross Domestic Product, GDP, Traditionally, domestic borrowing was used by countries only when they did not have access to external market, unlike today, where the increase in internal financing is due to lack of access to the International capital market. (Brooks, et al., 2015), argues that borrowing funds domestically has the benefit of being given in the currency of that country hence reducing exchange incongruities, thereby, policy makers are trying to lessen the menace of free financing through reduced rate of foreign borrowing. They actually, consider adjustments between the rate and effects of alternative financing and the available possible returns when planning and deciding the optimal structure of public debts. Krugman 2006, as quoted by Ugo Panizza, says that the kind of the original debt format a country will settle on will comprise of lots of adjustments and any flaws with the existing system only recognized after a financial crisis begins to be sensed. Hence policy makers should be aware of these vulnerabilities. Analysis (Ferraro, 2008), argues that borrowing considerably influences the actual economic growth of these indebted countries despite their financial value. The role of converting the countries savings into credit has been described as one of the most serious methods they have for resource allocation. He further says that different valuations have displayed some differences on the level of debt intensification on GDP growth, hence proving it very hard to regulate the prime ratio of debt-to-GDP. The total maximization of debt-to-GDP ratios, as quoted by Ferraro (2008) lies between 200% and 220% where short-term progress drops for levels above 150%. Valuations on various government debts have shown adverse effects on both, development and progress on GDP levels. Having access to reserved debts has resulted in a higher value of about 270% when GDP per capita levels are considered for growth maximization. (Cranston, et al., 2010) illustrates that a countrys ability to give national bonds with extended maturity periods in its own currency, lies entirely on the presence of resources control and management which has disputed by Reynaud (2005) who say that the outcomes are not vigorous due to the difference in countries ability to borrow and capability to pay these debts in terms of export, and revenue collected. The foreign markets have provided lots of money and aid to the developing countries, who have used them as an opportunity to increase their limited savings, thus financing public arrears without depending only on the private sector or inflationary finance for funding (Desai Vreeland, 2011). Foreign aid has been used as an insurance to all monetary dealings made or promised to needy countries either in cash; through investments, loans and infrastructural development, or in kind through; giving of army and war equipment at lower prices, armed pacts, military assistance during crisis, military technical assistance, advice, subversions and direct participation. (Ajay 2000, as quoted by Funso Aluko and Dare Arowolo). Third world countries resort to external loans due to their increased demand for capital and resources to enable the sustenance of its economy and development agendas. It has led to the growth of a debt crisis leading to little savings on their GDP for social, domestic servi ces. The overwhelming financial predicaments that affected these emerging markets in the developing countries saw to it that policymakers were well aware of the risks involved in borrowing foreign aid (Franko Seiber, 2014). These loans are highly exploitive and are consistently given by the creditors to hold these countries as their slaves in a way that they cannot be able to repay hereafter they maintain the master- servant/slave relationship, because of the depth of these debts. For example, Funso Aluko and Dare Arowolo say that in Nigeria, according to CIA World Fact Book (2010), their debt profile by 2009 stood at 3.97 billion dollars where federal governments have a debt of 2.093 billion dollars while the governments are indebted with 1.85 billion dollars. These amounts are so high compared to Nigerias GDP, and revenues, therefore, cannot be able to pay all the debts completely and maintain the growth of its development projects at the same time, making them slaves to their debtors. Various study cases that have been conducted have shown that debts issued by foreign lenders seem to be less expensive compared to those released by the countries internal creditors (Grimmett, 2010). Many can conclude from these results that these developing countries might contribute to reducing their interest rates of funding without risking their image through giving more securities to their creditors, without feeling like this could be the unachievable strategy. These LDCs could be able to give long-dated internal loans and debts despite currency-maturity trade-off, provided they pay the prices posed by the market for such debts. These prices, however, may not echo the right inflation or devaluation values expected, thereby becoming costly. Aluko and Dare Arowolo illustrate that various theories have been established to try and identify or explain reasons that have fueled the development of these LDCs and the Dependency model is one of them, which is built on the notion that resources flow from poor nations to those that are established and already developed (Ximin, 2012). Some of the mentioned resources that flow include; The provision of natural resources like crude oil, provision of less expensive labor, majorly through indirect slavery, a dumpsite for outdated technology and market to the industrialized nations hence their high standards of living. The countries that give financial aid counter the attempts of these states to repeal their influences of economic endorsements or use of force (Todaro 2003). These developed nations prolong their dependence through involving finances and banking, media control, political influences, education funding, culture, and sports together with all spheres involving human development (United Nations, 2009). In their Nigerian experience, they also note that the causes of the countrys external debts include the following; Trade and exchange rate policies that is ineffective Exchange rates and interest rate movements that is very hostile to the debtors Inappropriate lending trends and wasteful loan utilization by the indebted government. Lack of proper debt management practices due to inadequate debt management systems that ensure the required amount of funding is raised; its costs and risks objectives are also achieved. Accumulation of arrears and penalties causing a lot of burden for the nation due to an increase of lending interest in percentages and also in the growth of taxation. Many governments have tried to make good use of the debts they borrow enable sustainability of the rate and level of growth through involvement of a public debt management docket, that ensures the required amount of funding is raised, its costs and risks objectives are also achieved and all these can be serviced under a wide range of circumstances (Gulati, 2008). The managers placed in this docket often share fiscal and monetary policy advisors, who enable them to ensure the public debt remains sustainable and maintenance of the credible strategy that reduces excess levels of debts(Beck, Demirguc-Kunt, Levine, 2010). Without the involvement of these public debt management programs, governments tend to end up signing and receiving poorly structured debts with unclear maturity period related to the payment agreements, currency or interest rate compositions, massive unfunded contingent liabilities which have increased the economic crisis (Timothy Nyaupane, 2009). Wachter, Marcel argues that there is no direct evaluation of debt stages instead only modeling the effects of recurring economic policy on growth. Nonetheless, this system is not linked to the governments debt as taxes will be required to explain their accountabilities. (Brooks, Cunha, Mosley, 2015), find that an alternative economic policy enhances growth because many organizations have capitalized on long-term projects. External loans have the inherent capacity to put a country on developmental plinth quickly, and if misused, will involve both societal and humanoid costs. It could also accelerate the decrease of a countrys external possessions and a drop in the level of production together with its effects on the micro economy (International Monetary Fund, 2001). For efficient sustainability of these debts, then they should be serviced by the creditor in a way that there is no exceptional financing like bailout by the donor depending on two factors; one is that how much money/ debt is owed, and two, the capacity of the lender to repay the debt that will be determined on the GDP, exports and amount of collected revenue (Jamovich Panizza, 2010). The need for an efficient sound capital market, has been highlighted as that of importance, and many governments have been encouraged to adopt a sound debt management system in order to reduce the governments debt portfolio and substantial obligations in relation to contingent liabilities that increase the debt crisis level (Rowden, 2009) and (Santiso, 2008). Various countries have tried various means to escape from the debt crisis through adoption of the different issues as argued by Faiez H. Seyal, including; improving debt ratios through debt restructuring and reorganization that involves; Refinancing which means getting new loans to pay old loans (Konteh, 2009). This, however, makes the country get deeper and deeper into debts, a term is known as spiral debt. Rescheduling through the acquisition of longer repayment periods, which sometimes also comes with very strict conditions like cuts in spending on healthcare, education and food subsidies (Kose, et al., 2009). These even worsen the situations for the people in the indebted countries. Buying loans from the creditor at a value of the loan with a payment an ossuary. Giving the creditor equity in a company owned by the state in return for debt cancellation. Effects of debts External debt is important for the developing nations as it enables them to fill up the differences between the expenses and profits collected that can never be sustained with national savings. It also allows them import machinery, capital goods, and technology that they need for their growth and investment purposes (Lekomola, 2010). These debts either foreign or domestic forces a country to embrace and device better methods that will enable its level of independence do not prevent or hinder the issuance of debt or the flow of fairness. Marcel, 2002, illustrates that the high levels of globalization in finances have led to the unleashing of forces that have brought about better public and corporate governance and improvement of discipline on microeconomic policies. The LDCs also borrow to suppress their depression on the creation of employment opportunities, therefore, funding the states public works program (Mitton, 2008). Another advantage of this is that it enables the marketing and promotion of exports or importation of substitution industries to create employment opportunities and increase a countys independence in economic issues (Ringland, 2010) and (Roberts Parks, 2009). Governments also borrow money and give free loans to withdraw purchasing power of its citizens by bringing down prices of goods hence curbing the inflation rate. On the other hand, when loans are paid with interest, a lot of wealth that has accumulated is transferred thereby causing a lot of burden for the nation due to increase of lending interest in percentages and also in the growth of taxation in order to generate additional revenue since they only operate using soft currencies (Nersisyan Wray, 2010). The independence of a country due to dogmatic twines, changes the investment of a country, consumption rates that make the indebted country use a lot of resources to finance and complete its projects. A lot of capital used will therefore result in the increase of profits which encourages more consumption that eventually trickles down causing inflation in the country if the demands are not satisfied and cause indirect adverse effects (Panizza, 2008). We know that debt is a liability that forces a country to work extra hard in tax collection to meet its repayments. These results in fewer savings for a nation for its development and social functions reducing the level of usage too that increases the level of inflation, saving levels and income levels (Petr, et al., 2012). Some the LDCs have gained a lot from these countries and are working their way out of their debt situation although there are a lot of setbacks. The payment of loans has proved difficult due to the conditions that loans must be paid in the form of the hard currencies; which include the American Dollar, the Japanese Yen, and the Swiss franc. Governments always try to repay their loans in order to maintain a good standing and strengthen the national credit between itself and their creditors by employing such tactics as; utilization of extra proceeds to pay the debts, buying its own stock in the money stock and exchange markets or borrowing at lower rates, conversion of high rated debts to lower ones when the rates of interests fall compared with the time they had borrowed and the setting aside of a certain amount of money every year from the revenue collected to repay a loan, calculated over given period (Presbitero, 2012). Public borrowing if properly managed and well planned for and skillfully operated, then can be a very powerful and straighter path to economic development and assuring the citizens of a stable continuous income that will continuously yield assets for them hence a productive form of debt (Rais Anwar, 2012). Conclusion Leadership is a critical role when there is a dire need for resource mobilization in pursuit of attaining economic growth and national prosperity hence leading to the achievement of national goals. Adoption of leadership that inspire both confidence and economic restructuring, and can deviate from ineptitude and corruption to competence and moral decency will be very essential. Since, foreign debts by the developing nations cannot be entirely done away with since these countries are still far from being completely developed and industrialized, to be able to manage and sustain their economies and creation of both wealth and employment opportunities. Repayment of these debts have equally proved a challenge as some government deficits are very high, there is also reduced demand for foreign exports and reduced capital flows. These have ensured these nations remain slaves to their creditors and therefore will forever remain accountable to them. Debts and borrowing will continue into the f uture for all the developing countries and will continue to enslave them hence can be seen a contemporary annexation. References Aluko, F., Arowolo, D. (2010). Foreign Aid, The Third World's Debt Crisis and The Implications for Economic Development. The Nigerian Experience. Atique, Malik. (2012). The impact of Domestic and External debt on the Economic Growth of Pakistan. World Applied Sciences Journal, 20(1), pp.120-129. Beck, T., Demirgu-Kunt, A., Levine, R. (2010). Financial Institutions and Markets Across Countries and Over Time: The Updated Financial Development and Structure Database. The World Bank Economic Review, 24(1), 77-92. doi:10.1093/wber/lhp016 Brooks, Cunha, Mosley. (2015). Categories, Creditworthiness, and Contagion: How Investors' Shortcuts Affect Sovereign Debt Markets. International Studies Quarterly, 59(3), pp.587-601. Cranston, Hammond, Johnson. (2010). 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