All of the following contributed to a surge in international lending to developing countries in the mid-1970s to early 1980s EXCEPT Question options: The governments of the developing countries discouraged foreign direct investment (FDI). Oil-exporting countries had a high short-run propensity to save out of their extra income. There was widespread pessimism about the profits that could be earned through new business investments in the industrial countries. Oil-exporting countries invested most of their increased savings in government bonds issued by developing-country governments. The governments of the developing countries discouraged foreign direct investment (FDI). Oil-exporting countries had a high short-run propensity to save out of their extra income. There was widespread pessimism about the profits that could be earned through new business investments in the industrial countries. Oil-exporting countries invested most of their increased savings in government bonds issued by developing-country governments..

1. All of the following contributed to a surge in international lending to developing countries in the
mid-1970s to early 1980s EXCEPT
Question options:
The governments of the developing countries discouraged foreign direct investment (FDI).
Oil-exporting countries had a high short-run propensity to save out of their extra income.
There was widespread pessimism about the profits that could be earned through new business
investments in the industrial countries.
Oil-exporting countries invested most of their increased savings in government bonds issued by
developing-country governments.
The governments of the developing countries discouraged foreign direct investment (FDI).
Oil-exporting countries had a high short-run propensity to save out of their extra income.
There was widespread pessimism about the profits that could be earned through new business
investments in the industrial countries.

2. Oil-exporting countries invested most of their increased savings in government bonds issued by
developing-country governments.