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What is the impact of current global crisis to the economy of developing countries?
Wiki User
∙ 13y ago
Developing countries are ones whose economies are in the developing stage. They are in the growth phase. Much of their revenue is through export to developed countries like the US, UK etc.
When a super power like the US is reeling under a crisis, the plight of developing countries is worse. Their GDP's would come down, unemployment, high inflation, lesser industrial production, lesser per capita consumption etc are some issues that would be faced by such countries.
Wiki User
∙ 13y ago
Wiki User
∙ 15y agoEmerging countries are usually dependent on super powers like the USA, UK etc for exporting their goods or services. Due to this economic crisis the spending powers of emerged nations has come down heavily and hence the earning potential of emerging nations is affected.
For ex: Indian IT industry is one of the biggest contributor to the nations economy. Because of the recession, the spending on IT by US and UK clients have come down which has affected Indian economy
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no
Is smoking increasing or decreasing in developing countries?
Yes smoking is decreasing in other countries because of the economy crisis
What are the external factors of the development crisis in developing countries?
In developing countries, there are several things that can affect development, and cause a developmental crisis. External factors are the main concerns, and this includes rival countries defensive mechanisms, banking contributions, and more.
Is economy in economy crisis a noun adjective?
Yes, economy is an adjective in the term 'economy crisis'.
A sentence with the word stimulus in it?
The economy stimulus of billions of dollars did not provide a magic solution for the current crisis.
What is the economy of the Iberian peninsula?
The Iberian Peninsula is made up of two countries, Spain and Portugal . Spain is one of the largest economies in Europe. However, in the current post-economic crisis climate, both nations are faced with startling austerity measures and a struggling economy.
What is the systemic crisis?
The systemic crisis refers to crisis at the whole system in which the economy tuns.when there is fall in one system or one sectorof economy like real economy it will affect the whole economy..
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caused by bad leaders,bad economy or by another countries demostration of succefull revolution
Did Europe have an economy crisis?
no
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His Smoot-Hawley Tariff law resulted in declining American exports because foreign countries responded to it by raising their own tariffs. His belief that the Government shouldn't intervene in the economy worsened the crisis.
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What has the author Jean Mitchell written?
Jean Mitchell has written: 'Crisis in Britain, 1951' 'Foreign enterprise in developing countries' -- subject(s): International business enterprises
