During the 1980s, cross-border equity investment was primarily focused on the equity markets of developed countries, as they offered stability and maturity to international investors. Option B) is correct.
During the 1980s, cross-border equity investment was largely confined to the equity markets of: B. Developed countries.
The cross-border equity investment landscape in the 1980s was primarily focused on developed countries. Developed markets, such as those in North America, Western Europe, and parts of Asia, attracted significant international investment. The maturity, stability, and transparency of these markets made them more appealing to investors seeking opportunities for cross-border equity investment. Developing countries, while increasingly gaining attention in later years, had not yet become prominent players in the global equity investment scene during the 1980s. Therefore, option B) Developed countries is correct.