Debt Flashcards
(2 cards)
1
Q
debt crisis
A
- aid inspired by marshall plan picked up popularity
- but investment into developing countries often misspent or wasted due to corruption
- paired with economic crashes in 1970s/80s these countries left alone —> debt
2
Q
Georges boomerangs of debt
A
debt causes…
- environmental issues
- drugs production
- war (social unrest)
- unemployment
- taxation
- migration
