Problem
Trace the evolution of the developing-country debt problem during the 1970s and 1980s. What were the key ingredients? Explain your answer? Why was the problem of capital flight so serious in some highly indebted countries? What causes capital flight, and what do you think can be done about it?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.