A. The colonial period
B. The early 1950s
C. most debt was incurred during the oil shocks of the 1970s
D. the early 1960s
Correct Answer: most debt was incurred during the oil shocks of the 1970s ✔
Last Updated: June 11, 2019
Related MCQs
- An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?
- Structuralist economists who study developing countries focus their attention on ?
- Which of the following is NOT one of the problems facing most developing nations ?
- The policy that has been the most successful in increasing agricultural output in developing countries is ?
- One of the benefits of putting resources into agricultural projects is that ?
- Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?
- Many developing countries instituted import substitution policies because ?
- The developed nations have only about 15% of the world’s population, but they are estimated to consume _______ of the world’s output ?
- Developing countries, if compared with other countries, have ?
- When economists talk about developing countries experiencing flight of capital they mean?
- Debt-re-scheduling is ?
- When economists say that developing countries have a dualistic economy the 2 parts referred to are ?
- The main reason why land reform increase agricultural output is that is ?
- Low agricultural productivity in developing countries is mainly caused by ?
- Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
- The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
- A policy of developing local industries that can compete with imports is referred to as ?
- 85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
- The term Fourth World has been coined to describe ?
- The term Fourth World has been coined to describe ?