External Factors of the Debt Crisis

Course Outline

External Factors of the Debt Crisis

Instructor: Robin Grier, University of Oklahoma


In August 1982, Mexico stunned the financial world by announcing that it would not be able to pay back its debt on time. Shortly thereafter, dozens of other countries followed suit. The fact that so many countries were unable to pay their debt at the time indicates that there were external factors at play. What were these factors and why were they so important?

Teacher Resources



Verified Available Languages

Turn captions on or off:

  1. If captions are available the (CC) icon will be visible on the player.
  2. To turn captions on, tap (CC).
  3. To turn captions off, tap (CC) again.

Select caption language: 

  1. Click the settings icon (⚙) at the bottom of the video screen.
  2. Click Subtitles/CC.
  3. Select a language.


Contribute Translations!

Join the team and help us provide world-class economics education to everyone, everywhere for free! You can also reach out to us at support@mru.org for more info.

Submit subtitles




We aim to make our content accessible to users around the world with varying needs and circumstances.

Currently we provide:

Are we missing something? Please let us know at support@mru.org