• 2022-06-07
    Which of the following resulted in a surge in international lending to developing countries in the mid-1970s to early 1980s?
    A: Oil-exporting countries had a low short-run propensity to save out of their extra income.
    B: The real interest rates in the industrial countries were significantly high.
    C: The governments of the developing countries encouraged foreign direct investment (FDI) and foreign institutional investments (FII).
    D: Lending to developing countries gained momentum through "herding" behavior.
  • 举一反三