Solved: Why were developing countries so eager to borrow money, Macroeconomics

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Why were developing countries so eager to borrow money

Problem

What is petrodollar recycling, and how did it contribute to the debt crisis of the 1980s? Why were developing countries so eager to borrow money from international banks? Explain your answer.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why were developing countries so eager to borrow money

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