Exam 15: Debt and Development

Which of the following is NOT a major change in global politics and economics associated with the end of the Second World War (some of which had roots in earlier decades)?

What was an effect of neoliberalism in the 1980s?

Loans to poor developing country governments from which of the following have often resulted in default and political intervention?

The debt trap is when the borrower sinks deeper into debt in order to survive.

How are nuclear weapons linked to global economics?

Illegitimate debt reflects which of the following?

During World War I, the United States government became a substantial lender to the countries fighting against Germany.

What lessons can be learned from default?

How did bankruptcy laws change in the twentieth century?

Name the two major issues that are relevant to all discussions of lending and borrowing.

From the 1930s to the 1970s, development was primarily state-led in both capitalist and socialist countries.

Real interest rates peaked in 1976.

What was the impact of quantitative easing?

Credit-based banking first developed in the Mediterranean through the Italian city states such as Florence.

Who took out the majority of loans in the 1970s?

Why do borrowing and lending take place?

Why are the Medicis an object lesson for contemporary bankers?

Zaire under Mobutu was considered a kleptocracy.

What are interest payments?

Name some of the factors that led to the 1980s debt crisis.