Question: Which of the following reflects a key concern of Washington policymakers in managing the Third World debt crisis? Need Assignment Help?
Question options: Policymakers wanted to protect the public in indebted countries so that they would not bear the cost of the crisis; Policymakers wanted to protect the Western banking system from collapsing under the weight of past bad lending practices. Policymakers wanted to improve the terms of trade for developing country exports. Policymakers wanted to reduce Third World debt by acknowledging that past loans would never be repaid.