Most of the fiscal crises in the past thirty years have occurred in Global North rather than the Global South due to their more sophisticated financial systems.

Question

Quizplus · Accepted Answer

Most fiscal crises in the past thirty years have occurred in the Global South, often due to factors like political instability, weaker economic structures, and external debt pressures, rather than the sophistication of financial systems.

Most of the Fiscal Crises in the Past Thirty Years