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What is the impact of current global crisis to the economy of developing countries?

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.


What is meant by the term 'commodity currency'?

Commodity currency is the name given given to currencies of countries that depend heavily on the export of certain raw materials for income. These is typical for developing countries.


The economy of which state is most heavily dependent on agricultural products?

The economy of which state is most heavily dependent on agricultural products is Nebraska.


The economies of North Africa are heavily dependent on what?

oil


Is Indian job market effected by the current global financial crisis?

It is not heavily affected but it is slightly affected. Companies that are export oriented have started reducing the number of people they recruit every year. Companies have started to tighten the appraisal & performance management process and the low performers have been asked to leave. The hikes that the employees may get seems very small for the next financial year because all companies want to play it safe and are not ready to commit for high pay budgets for the next financial year.

Related Questions

What institutions was most heavily affected by Confucianism?

Family


When were fossil fuels heavily developed?

In the 18th century.


When was forestry in Canada was heavily developed?

Forestry in Canada was heavily devoloped in 1945 By Josef Van Hurbertton


What do African nations rely heavily on for developing their economies?

They rely on Natural Resourses


Why do you think that Europe developed a maritime tradition?

European culture is heavily related to the sea, since most of Europe borders seawater. Maritime is anything related to the sea. Europeans developed a culture that was heavily influenced by the sea and heavily dependent on the sea.


Is Mauritania a developing country or under-developed country?

Mauritania is generally classified as a developing country, although it faces significant challenges that hinder its progress. The country has a high poverty rate, limited infrastructure, and relies heavily on agriculture and mining. While it has made some advancements in recent years, issues such as political instability and a lack of access to education and healthcare continue to affect its development trajectory. Overall, it is more accurately described as a developing nation rather than an under-developed one.


What are the factors that lead to rural urban migration?

Africa's developing cities expressed a strong demand for labor. In response, rural populations migrated heavily into the developing urban bastions of progress.


Is car insurance quotes in Maine binding?

No, the quotes are not binding. The price that you pay will be heavily affected by your driving circumstances.


When was flowing water and hydro electricity developed heavily?

When the first time made because it was hard to make in the 1831


How is liver affected by alcohol?

The liver can be damaged by all the alcohol that you put in your body if you consme it heavily and abusively for a period of decades.


What is the impact of current global crisis to the economy of developing countries?

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.


When was the Filter press developed?

The Filter Press was first developed in the nineteenth century. The Filter Press has since been improved. This equipment is heavily used in food, chemical or pharmaceutical industries.