... , making a great deal of money that they wished to invest in international markets and oil importers were short of money because of high oil prices and happy to borrow, kick-starting financial globalization as banks sought to move money from one group to the other. However, borrowing in response to rising oil prices also created inflation, which undermined production and created ... ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate