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Final version (456 words) Writing task Topic: The international community should reduce or eliminate the debts of the world’s poorest countries. To what extent would you support or reject this proposal? International debts have locked many poor countries in the vicious circle of underdevelopment though their in-vain efforts are made to pay off the persistent loans. Confronting this fact, a proposal discussing elimination of debts for the world’s poorest countries has been given. To some extent, I agree that it should be passed for ethical, social and economic reasons. Regarding ethical and social aspects, this proposal helps to prove the humanity of the human race and stabilize the society. Whichever regimes countries follow, socialism or capitalism, they all compromise that the rich should help the poor. Therefore, poor countries, especially ones in Africa should be free from their heavy debts when they even have to worry about their daily meals. Moreover, this kind of foreign aids would contribute to social gap bridging. If the debts are not lifted, the poor may never catch up with the rich in the context of the higher interest rates and the rich countries’ shaper development. In addition, locked in the cycle of debts, the underdeveloped nations can hardly invest much money in healthcare, entertainment and education. As a result, their living standard is quite low, especially compared to that of their lenders. In respect of economy, eliminating the loans for the poor countries can benefit both debtors and lenders. Escaping from this burden, the recipient nations are able to invest money in education and technology to produce high-quality human resources as well as industrialize their economy which mainly depends on agriculture. As a result, they can develop their economy more healthily and stably. In addition, this kind of social work ensures a market of consuming goods for the developing countries. As the poor countries may be in bad need of hi-tech machineries after the debt elimination and are in great gratitude, the priority to import such kinds of goods would be given to their previous loaners. As a result, the export turnover of the developing countries would be increased, especially when the poor ones have ability to buy more goods than before. However, the situation of the poor countries should be considered carefully before decisions because the massive debt elimination may shake the banking system of the loaners for loss of huge profits. Therefore, we should give priority to the ones whose loans are the heaviest and put greatest pressure on their economy. Meanwhile, the other debtors can be partly supported with lower interest rates. In conclusion, the proposal needs to be passed for ethical, social and economic aspect, though some criteria should be outlined to choose the poor countries that are in worst need of debt elimination. Once this project is taken into effect, it would help to prove the strength of global cooperation to deal with worldwide issues.