When an economy has a very low level of domestic savings, governments cannot raise huge amounts of debt.

Name: When an economy has a very low level of domestic savings, governments cannot raise huge amounts of debt.
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When an economy has a very low level of domestic savings, governments can still raise huge amounts of debt by borrowing from foreign investors or international financial institutions. However, this could lead to a higher risk of default and dependence on foreign economies.

When an Economy Has a Very Low Level of Domestic