Which of the following was not a factor contributing to the debt crisis in Latin America?
A)The oil shocks.
B)Trade liberalization in many developing countries.
C)An increase in global interest rates.
D)A lack of investment opportunities in the developed countries.
E)All of the above.

Question

Quizplus · Accepted Answer

Trade liberalization in many developing countries is generally not considered a contributing factor to the debt crisis in Latin America. The crisis was more directly related to factors such as oil shocks, increases in global interest rates, and a lack of investment opportunities in developed countries, which led to excessive borrowing and spending by Latin American countries.

Which of the Following Was Not a Factor Contributing to the Debt