The financial crises of the 1990s pointed out that small developing countries have a vulnerability to globalization in terms of _____.
A)environment
B)labor standards
C)international capital flows
D)the judicial system
E)child labor

Question

Quizplus · Accepted Answer

The financial crises of the 1990s highlighted that small developing countries are vulnerable to globalization in terms of their exposure to international capital flows. These countries often lack the infrastructure and policy framework necessary to manage the inflow and outflow of foreign capital, which can lead to financial instability and economic crises.

The Financial Crises of the 1990s Pointed Out That Small