Many economist believe that misguided macroeconomic policies did more to create the Debt Crisis of the 1980s than ISI.

Question

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Many economists believe that the Debt Crisis of the 1980s was actually caused by misguided macroeconomic policies, rather than ISI (Import Substitution Industrialization) policies. These macroeconomic policies included excessive government spending, inadequate tax collection, and high inflation rates that led to a significant increase in external borrowing and debt.

Many Economist Believe That Misguided Macroeconomic Policies Did More to Create