The United Nations has estimated that the total external debt of developing countries has been rising by about $425 billion each year. Which factor is least likely to have played a part in this?
- Adisincentives for foreign direct investment through political instability
- Bincreased government subsidies for the development of tourism industries
- Cwithdrawal of multinational companies due to delays in the award of government contracts
- Dworsening of the terms of trade with partners in developed economies