Address the following:  

Some believe that the Debt Crisis of the 1980s was the result of exploitation of developing countries by advanced countries. Those who argue this proposed that all developing country debts should be canceled. Log on to the Internet and identify at least one country that suffered as a result of the Debt Crisis and explain whether Debt Reduction strategies were justified or Do you think that debt reduction contributes to moral hazard? In answering this question, you must define Moral Hazard.