Countries that have structural problems and are highly dependent on overseas markets

Question

Quizplus · Accepted Answer

Countries with structural problems and high dependence on overseas markets are vulnerable to economic shocks such as changes in global demand, fluctuations in commodity prices, and currency devaluations. Any of these shocks can have a significant impact on the country's economy, leading to layoffs, inflation, and other economic difficulties. This can then create political instability, social unrest, and other problems. Thus, such countries tend to be most vulnerable to economic shocks.

Countries That Have Structural Problems and Are Highly Dependent on Overseas