some latin america countries need debt relief:
a. from other countries to carry out economic programs
b. because such a large segment of their population is poor
c. because their economies are doing so well
d. but have too good credit rating with international banks
i cant find the answer:(
http://en.wikipedia.org/wiki/Latin_American_debt_crisis#Effects
Right.
The correct answer is b. because such a large segment of their population is poor.
To understand why some Latin American countries may need debt relief, we need to consider the economic and social conditions in the region. Latin America is characterized by a significant wealth gap, with a large segment of the population living in poverty. This widespread poverty puts significant strain on the resources and capacities of these countries.
When countries have a high poverty rate, they often struggle to generate sufficient economic growth and revenue to meet the needs of their population. This can lead to the accumulation of debt as governments borrow money to finance their development projects, social programs, and infrastructure needs.
Debt relief becomes necessary when the burden of debt becomes too overwhelming for these countries to manage. Debt relief typically involves restructuring or forgiving a portion of their debt, providing financial support, or reducing interest rates to make it more manageable for these countries to pay back their loans.
While options a, c, and d may be relevant in other contexts, in the case of Latin American countries, the need for debt relief is primarily driven by the significant poverty rates and the associated economic challenges they face.