When did the majority of debt for Third World and Fourth World countries accumulate?

Show Answers

During the era of colonial ruleIn the early part of the 1950sPrimarily throughout the oil crisis period of the 1970sIn the early 1960s

Explanation

Most of the debt burden for Third and Fourth World nations was amassed during the oil shocks of the 1970s, which significantly impacted their economies and borrowing needs.

When did the majority of debt for Third World and Fo… — Economic Problems of Developing Countries | PakQuizHub