Editing Debt of developing countries (section)

===Consequences of debt abolition===
Some people argue against forgiving debt on the basis that it would motivate countries to default on their debts, or to deliberately borrow more than they can afford, and that it would not prevent a recurrence of the problem. Economists refer to this as a [[moral hazard]]. It would also be difficult to determine which debt is odious. Moreover, investors could stop lending to developing countries entirely.