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Author Question: What is meant by petrodollar recycling? Explain the mechanism by which this phenomenon occurred. ... (Read 42 times)

strangeaffliction

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on: Jun 30, 2018
What is meant by petrodollar recycling? Explain the mechanism by which this phenomenon occurred. What were the consequences of this phenomenon for developing countries?
 
  What will be an ideal response?

Question 2

How can the O-ring theory help explain the existence of a low-level equilibrium that an economy may find itself in?
 
  What will be an ideal response?


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xMRAZ

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Explained in the section 13.4 Origins of the 1980s Debt Crisis.

Answer to Question 2

Explained on page 191.


strangeaffliction

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
Excellent

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