" banks in which oil exporters had invested were lending money to anyone who’d take it. It was a system ready to collapse at the slightest breath of change. When that change came, with the high interest rates and global recession at the end of the 1970s, the accumulated debt set large parts of Latin America, Africa and eventually Asia on the route to bankruptcy. "

― Raj Patel , Stuffed And Starved: Markets, Power And The Hidden Battle For The World Food System