Economic Crises Struck Many Developing Countries Outside of East Asia

question 15

Multiple Choice

Economic crises struck many developing countries outside of East Asia in the early 1980s in large part because of decisions to

• A) use foreign loans to finance large infrastructure projects or domestic consumption.
• B) use foreign loans to subsidize export oriented development
• C) use domestic savings to finance large infrastructure projects or domestic consumption.
• D) use government funds to fight drugs and terrorism.
• E) allow corrupt governments to put their money into foreign banks.