
China Boom w/ Ho-fung Hung
The Dig
00:00
Borrowing From the International Vulnerabilty Market
In the liteen seventies there was a petrodada bom. That interest rate is very, very low. And actually, it looks silly lot to borrow money from interlectional international vilencia. So many a loans that is borrowed on moderate or even very low interest rays, suddenly has a kind of because they areajust aboe, variable interest rate. Many diveloping countries and eastern european countries, mostly both poland, suddenly find themselves in a very difficult situation when the interest rased suddenly sky rocketed. The moral ideology of self reliance. But another i reasons, of course, that this, after lexon a visit to china in the 19
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