Re: The increase of dollar affecting underdeveloped countries economy
But that's not really going to benefit the country in the long run, weak currency in global trades means that you've got a cheap export tariffs or something trade related but you're not really benefiting from it because you're paying a premium for those exports which is going to go to your local market much more expensive because you have to get some profits out of the payments that you've made in trades so in the end, the only one that's benefiting from this is the people that are on the outside of the country and not the people inside.
He said exports will attract the buyers because the cost production is cheap and imports are expensive because the local can't afford to buy it, which mean it's an exactly same with what you're saying.So we're know it's better to produce in underdeveloped country and sell it to developed country, but unfortunately the vast majority people in underdeveloped country are lazy, not skillful, and below requirements standard.
