At the center of the difficult relationship between developing countries and the international financial system is a seemingly inexorable boom-and-bust cycle.

Question

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The difficult relationship between developing countries and the international financial system is often characterized by a boom-and-bust cycle, where periods of economic growth and prosperity are followed by sudden downturns and crises. This pattern has been observed in many developing countries, often due to factors such as external debt, currency fluctuations, and commodity price volatility. The cycle perpetuates many of the challenges faced by developing countries in achieving sustainable economic development and reducing poverty.

At the Center of the Difficult Relationship Between Developing Countries