You need to realize that a lot of this is pushed on developing nations through the IMF and other organizations that force countries to sign extremely poor deals out of desperation.

How exactly do you expect a country to stop stronger countries when they have a weak government, military, social services, and treasury?

You can read a cursory of these issues here:

https://en.wikipedia.org/wiki/International_Monetary_Fund#Cr...

FWIW China is doing the same thing as the IMF through its belt and road initiative, that doesn't make it right either.