Because they not only small they also inland country plus they are not industrial country
Mongolia's economic growth has been hindered by its reliance on mining and natural resources, making it vulnerable to fluctuations in global commodity prices. In contrast, Taiwan and China have diversified their economies, focusing on manufacturing, technology, and exports, leading to more stable and robust growth. Additionally, Mongolia's smaller population and limited infrastructure investment have restricted its economic development compared to the more advanced and integrated economies of Taiwan and China. Political instability and governance challenges have also contributed to Mongolia's slower economic progress.
Imperial states exert economic control over weaker states to exploit their Natural Resources.
It is called imperialism.
Imperial states exert economic control over weaker states to exploit their Natural Resources.
Yes, Imperialism refers to the policy in which strong nations extend their political, military, and economic control over weaker territories.
Answer this question… exploit natural resources and control trade in weaker countries
Opening new markets by forcing weaker countries to buy their goods
A weaker rand can boost South Africa's export competitiveness by making its goods cheaper for foreign buyers, potentially increasing demand and stimulating economic growth. It can also enhance tourism, as international travelers find it more affordable to visit. Additionally, a weaker currency can attract foreign investment in local industries looking to capitalize on lower production costs. However, it may also lead to higher import prices and inflation, which can offset some benefits.
Opening new markets by forcing weaker countries to buy their goods
This is called imperialism. Imperialism occurs when a stronger nation extends its power and influence over a weaker nation, often taking control of its political, economic, and social aspects.
When a weak country is protected by a stronger one, the weaker country is typically referred to as a client state or satellite state. This arrangement often involves the weaker country relying on the stronger one for security, economic support, or political guidance.
In both forms, powerful countries dominated weaker ones for economic gains.