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The Latin American Debt Crisis Was Declared Over in the Mid-1990s.According

Question 24

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The Latin American debt crisis was declared over in the mid-1990s.According to Oatley,in hindsight,it is clear that


A) it was more of a financial crisis than an economic development one.
B) it was more of an economic development crisis than a financial one.
C) structural adjustment policies of the IMF pushed most of the costs onto the foreign commercial banks.
D) more generous foreign aid would have prevented the crisis.
E) reforms did not provoke enough changes in Latin American political and economic systems.

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