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Probably your country doesn't get good deals on money loans and hence it doesn't borrow more than it can pay. The US on the other hand keeps borrowing and borr
by gonzalohm 2mo ago
Probably your country doesn't get good deals on money loans and hence it doesn't borrow more than it can pay.
The US on the other hand keeps borrowing and borrowing
- zshrdlu 2mo agoNot at all true for most developing countries, they borrow despite the high interest. It just means that the burden of interest payments squeeze out welfare programs, development programs, etc. Usually the IMF/World Bank step in to influence austerity measures, fiscal and monetary policy for further loans to be disbursed.