(Download) "Developing Countries in the Global Economic Slowdown: Reform and Participation in International Trade Present the Only Possibilities for Economic Growth in Developing Countries. Aid is Not the Answer (The Global Economy)" by The New Presence: The Prague Journal of Central European Affairs # eBook PDF Kindle ePub Free
eBook details
- Title: Developing Countries in the Global Economic Slowdown: Reform and Participation in International Trade Present the Only Possibilities for Economic Growth in Developing Countries. Aid is Not the Answer (The Global Economy)
- Author : The New Presence: The Prague Journal of Central European Affairs
- Release Date : January 22, 2009
- Genre: Politics & Current Events,Books,
- Pages : * pages
- Size : 80 KB
Description
Problems associated with the slowdown of the world economy are gradually spreading into countries in the developing world and exacerbating their unsolved problems which were ignored in times of growing prosperity. The World Bank estimates that textile factories in Cambodia have laid off about one tenth of its employees--approximately thirty thousand people. In the capital Phnom Penh, construction machinery has fallen silent. Elaborate plans to build luxurious residential skyscrapers have been postponed due to insufficient funds from South Korean investors, the main financiers of the Cambodian real-estate boom. In Malaysia, Indonesian immigrants are beginning to emigrate from the country they once considered to be their Promised Land. A similar destiny and a much longer journey home awaits the majority of the three hundred thousand Nepalese residents there. Central American families in countries such as El Salvador, Honduras, and Haiti find no solace either as they face decreasing funds from relatives working in the wounded American economy. More than three million Guatemalan citizens, or one fourth of the country's population, face a similar fate. Falling prices of traditional export commodities such as cotton, tea, coffee and fresh flowers threaten East Africa. In Zambia, the crisis has even affected football players; due to a crippled demand for copper, mining companies have annulled contracts with local football clubs.
 "Developing Countries in the Global Economic Slowdown: Reform and Participation in International Trade Present the Only Possibilities for Economic Growth in Developing Countries. Aid is Not the Answer (The Global Economy)" by The New Presence: The Prague Journal of Central European Affairs # eBook PDF Kindle ePub Free){kind=link}