It causes a reliance on world market prices.
It causes a reliance on world market prices.
It makes the economy of Africa less stable.
It makes the economy of Africa less stable.
They might get money when they export it
read yor social studies!!
It causes a reliance on world market prices.
It makes the economy of Africa less stable.
It makes the economy of Africa less stable.
They might get money when they export it
read yor social studies!!
it wouldn't get to crowded
it wouldn't get to crowded
A significant problem with an export-oriented economy is vulnerability to global market fluctuations. When a country relies heavily on exporting specific goods, any downturn in demand or price volatility can lead to economic instability, job losses, and reduced income from exports. Additionally, such economies may neglect domestic development, resulting in insufficient local industries and infrastructure to support sustainable growth. This over-reliance can hinder long-term economic resilience and diversification.
Export economies are problematic because they depend heavily on global stability. If there are any wars that disrupt trade, that economy comes to a halt.
The varying world demand for any material may result in uncertain export income. Production may exceed what can be sold, and both weak demand and competition can drive prices lower. Over time, markets for some exports could either rapidly increase or suddenly disappear.
the south had fertile soil and a warm climate
Malaysia became a country in 1957, and did not exist as an independent entity until then. The economy is a mixed export market economy, with electronics having the largest share. Due to their disengagement from the U.S. dollar, the economy has struggled over the past few years, and because of the worldwide slump in the IT industry. The economy remains dependent on continued growth in the US, China, and Japan - top export destinations and key sources of foreign investment.