Describe the Difference for International Borrowers in the 1930s and Those

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The Answer is The major difference between the 1930s and the 1980s was the existence of the Bretton Woods insti?tutions (BWIs). Poor countries became increasingly dependent on "aid," and the "donors" made their aid conditional on recipient countries having World Bank and IMF programs, which in turn imposed two sets of conditions. One was continued debt repayment. Little concession was made for economic problems such as bad crops, and debt bondage lasted indefinitely. Indeed, with respect to the Bretton Woods institutions, devel?oping countries have fewer rights than the citizens of Hammurabi's Babylon did nearly 4000 years ago.

Describe the Difference for International Borrowers in the 1930s and Those

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