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Author Question: What is meant by petrodollar recycling? Explain the mechanism by which this phenomenon occurred. ... (Read 19 times)

strangeaffliction

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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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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
YES! Correct, THANKS for helping me on my review


bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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