The threat of default can often win a Third World country concessions from its lenders.

Name: The threat of default can often win a Third World country concessions from its lenders.
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Quizplus · Accepted Answer

The threat of default by a Third World country can sometimes lead to concessions from its lenders because the lenders may prefer to renegotiate the terms of the loan rather than risk losing their investment entirely if the country were to default.

The Threat of Default Can Often Win a Third World