SSC Economy Interview Question:

Why the global financial crisis did not affect strongly on the underdeveloped countries?

Submitted by: Administrator

1. Thr limited exposture to derivative products.
2. The crisis mainly strtd in US, all the nations do hav
trade relations with US but in case of nations with
comparatively less imports/exports suffrd lesser.
3. Dollar value affects whole of the wrld.. bt again lesser
dealings means lesser impact.
4. underdeveloped nations who had no outsourcing
relationship with us also suffred less(unlike india.. which
is a developing country and gets a lot of outsourcing
busness frm the west)
Submitted by: Administrator