What is the third world debt crises that was primarily


What is the third world debt crises that was primarily attributed to the recycling of Petro dollars in 1970s and 1980s by International Banks in financing the development process of a several developing countries in Asia, Sub-Saharan Africa and Latin America? What are some opportunity costs countries might face while repaying external debt, if the debt was accumulated with no real productive investments of those debts.

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Business Economics: What is the third world debt crises that was primarily
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