A situation where poorer states are vulnerable to sudden fluctuations in richer economies and dependent on the export of raw materials, whose prices often stagnate or decline, while prices for the manufactured products they import invariably increase is called

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Economic dependency refers to a situation where the economy of one country is conditioned by the development and expansion of another economy to which the former is subjected. This condition often involves poorer states being vulnerable to fluctuations in richer economies and dependent on the export of raw materials, facing the challenges described.

A Situation Where Poorer States Are Vulnerable to Sudden Fluctuations