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During apartheid South Africa faced a worsening financial situation stemming from an economic recession and increasing international sanctions in the 1980s. [5] In 1980 the country's total debt amounted to US$16.9 billion, representing a debt to GDP ratio of 20%. [5]
In fact, the DPS was a precursor of a debt sustainability analysis template. The DPS was a major breakthrough in the field of debt negotiations at the time because as it was developed in Lotus 1-2-3, it was suitable for portable computers that started to appear in the second half of the 1980s.
In the 1980s and '90s, a push to lower the legal blood alcohol content (BAC) limit for getting behind the wheel took the country by storm. Mothers Against Drunk Driving (MADD) was formed in 1980 ...
The government at the time even admitted that Black labour was crucial to their economic success and hence talks of territorial and political separation along racial lines at the time was deemed a threat to economic expansion for South Africa. [15] By the beginning of the 1980's South Africa had the highest wealth inequality in the world, with ...
According to the National Institutes of Health, at least 91 countries have adopted the .05% BAC limit for driving, with 54 other nations using a standard ranging from .06% to .12%.
The Deregulation of government-owned enterprises in the 1980s and 1990s reduced government's role in the economy and permitted the retirement of some public debt, but simultaneously massively increased the necessity for greater welfare spending and has led to considerably higher rates of unemployment than were standard in New Zealand in earlier ...
In 1835, the national debt hit a low of $33,733 when Andrew Jackson was president. But the U.S. started borrowing again as the economy entered a recession in 1837.
The oil crisis of the 1970s magnified the economic problems, the foreign debt grew at an annual rate of 20%, and by the early 1980s it reached more than US$20 billion. [44] Governments of Milka Planinc and Branko Mikulić renegotiated the foreign debt at the price of introducing the policy of stabilisation which in practice consisted of severe ...