Answer to Question #90823 in Other English for Michael

Question #90823
(A) one of the reason why developing countries are entangled in debt crisis is due to: 1. Borrowing of large sums of money from local market 2. Quadrupling of coal prices 3. Repayment in dollars and falling prices of primary products 4. Industrialization
Expert's answer

Answer:

3. Repayment in dollars and falling prices of primary products

Explanation:

Developing/poor countries heavily borrow loans from diverse lenders. These loans are offered to them at market prices with high-interest rates and short maturity periods. The countries, in the end, find it difficult to coordinate between such diverse groups of creditors. Poor debt management systems, law enforcement policies, low revenue collection, and falling prices in commodity markets are some of the major causes of being heavily in debt.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal