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Explain How a Country with High Debt Ratio May Find

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Explain how a country with high debt ratio may find the situation deteriorates into a dynamic of debt explosion? What is the policy lesson?


Definitions:

Lack-Of-Participation Error

Lack-of-participation error occurs when important people are excluded from the decision-making process.

Rational Decision Model

A systematic, step-by-step approach to making decisions based on logical, objective analysis of data and alternatives.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Task Expertise

Specific knowledge or skills related to performing certain tasks efficiently and effectively.

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