What is petrodollar recycling, and how did it contribute to the debt crisis of the 1980s? Why
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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.
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Petrodollar recycling refers to the process where oilexporting nations mainly Middle Eastern countries earn substantial amounts of money denominated i...View the full answer
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