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"Original Sin" Sometimes Refers to a Nation's Inability to Borrow

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Essay

"Original sin" sometimes refers to a nation's inability to borrow in its own currency, and therefore is forced to borrow and repay internationally in other currencies. Why is this the case? What other problems flow from this inability?


Definitions:

Brain

The central organ of the human nervous system, located in the skull, responsible for processing sensory information, regulating bodily functions, and enabling cognition and emotions.

Embryo

An early stage of development in multicellular organisms after fertilization and before the fetus stage in humans.

Conception

The union of a sperm cell and an ovum that occurs when the chromosomes of each of these cells combine to form 23 new pairs.

Infants

Young children from birth to one year of age, who are in the earliest stages of childhood development.

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