contestada

By the 1970s, Latin American governments attempted to maintain their failing economies by borrowing from abroad, particularly from banks in Europe and the United States

a. true
b.false

Respuesta :

cafa1988

a. true

Explanation:

  • For the post-war generation, the world financial system was, by modern standards, extremely resilient to crises - probably because most countries were suppressing cross-border capital flows, so international lending and credit were limited.
  • However, in the late 1970s, deregulation and increased banking aggression led to a flood of money in Latin America, followed by what was called the "abrupt trade" in 1982 - and a crisis that caused decades of economic stagnation.
  • Latin America eventually restored growth.

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