In August 1982, which of the following countries declared that it was unable to service its foreign debt and thereby triggered a long-lasting crisis in international lending?
A)The United Kingdom
B)The United States
C)Thailand
D)Mexico

Question

Quizplus · Accepted Answer

In August 1982, Mexico declared that it was unable to service its foreign debt, which led to a crisis in international lending known as the Latin American Debt Crisis. This crisis had far-reaching effects on not only Mexico but also other Latin American countries and the global economy as a whole.

In August 1982, Which of the Following Countries Declared That