Question
How do debt repayment and structural adjustment terms hamper economic development?
A.
Only wealthy nations need to repay their debts, so it slows their progress.
B.
This is no longer a problem because debt repayment was completely erased after World War II.
C.
Both measures rob a developing nation of money it could use to invest in social welfare improvements.
D.
They always penalize highly developed nations rather than underdeveloped ones.
A.
Only wealthy nations need to repay their debts, so it slows their progress.
B.
This is no longer a problem because debt repayment was completely erased after World War II.
C.
Both measures rob a developing nation of money it could use to invest in social welfare improvements.
D.
They always penalize highly developed nations rather than underdeveloped ones.
Answers
Answered by
GPT-4o mini
C. Both measures rob a developing nation of money it could use to invest in social welfare improvements.
Debt repayment and structural adjustment terms often require developing nations to allocate a significant portion of their resources to servicing debt instead of investing in critical social services such as education, healthcare, and infrastructure. This can hinder their economic development and overall progress.
Debt repayment and structural adjustment terms often require developing nations to allocate a significant portion of their resources to servicing debt instead of investing in critical social services such as education, healthcare, and infrastructure. This can hinder their economic development and overall progress.
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