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Oil developing countries often experience significant economic growth due to the revenue generated from oil exports, leading to increased investment in infrastructure and social services. However, this dependency on oil can also result in economic volatility, as fluctuations in global oil prices can impact national budgets. Additionally, such countries may face challenges like the "resource curse," where reliance on oil wealth can hinder diversification and lead to governance issues and social inequality. Environmental concerns also arise, as oil extraction can lead to ecological degradation and public health risks.
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What is one effect world bank loans of developing countries?
Improved climate for foreign investment
How does developed countries help the developing countries?
By selling their products to developing countries.
What are the advantages and disadvantages of oil production to developing countries?
obviously the advantages are financial. the disadvantages would be pollution to there environment.
What are the effect of deficit in balance of payment in developing countries like Nigeria?
ways of controlling deficit balance of payment in nigeria
Cause and effect of brain drain?
Brain drain is defined as the migration of health personnel in search of the better standard of living and quality of life, higher salaries, etc. The majority of the migration is from developing countries to developing countries and this has a negative impact on both the quantity and quality of health care in those countries.
What is the meaning of Petro Dollar Boom?
The flow of dollars to oil exporting countries (most of whom are in OPEC) in exchange for their oil to meet the rising demand in developing countries and developed countries.
What is one effect world bank loans of developing countries?
Improved climate for foreign investment
What is one effect of World Bank loans to developing countries?
Improved climate for foreign investment
What continent has most developing countries?
Africa has the most developing countries.
How does developed countries help the developing countries?
By selling their products to developing countries.
What is sesame oil's country of origin?
Sesame oil is an edible vegetable oil produced from sesame seeds. The sesame seeds are primarily grown in developing countries. The seeds are then used to make the oil.
What are the advantages and disadvantages of oil production to developing countries?
obviously the advantages are financial. the disadvantages would be pollution to there environment.
What are the effect of deficit in balance of payment in developing countries like Nigeria?
ways of controlling deficit balance of payment in nigeria
Are most countries in Africa developed or developing?
Sudan is a developing country.
How many developing countries are in debt?
their are 192 countries and a very large percentage are developing countries that are in debt.
What is the primary effect of outsource on a developing nation?
unemployment
Cause and effect of brain drain?
Brain drain is defined as the migration of health personnel in search of the better standard of living and quality of life, higher salaries, etc. The majority of the migration is from developing countries to developing countries and this has a negative impact on both the quantity and quality of health care in those countries.
