Post
Topic
Board Economics
Re: The increase of dollar affecting underdeveloped countries economy
by
Ucy
on 23/02/2024, 08:45:28 UTC
Actually have come to understand the fact that when ever dollar increases it may likely cause the depreciation of other currencies in underdeveloped countries. Particularly this might make this underdeveloped countries to be very poor. It can also make them not to engage in the global market of trading, because their currencies can not meet up to this increase in dollar. I think it’s really a global issue that needs to be addressed in order to help this underdeveloped countries.



Less developed or third-world countries shouldn't be affected by dollar increase because they were particularly taken into consideration when it was adviced that nations should trade more with China when dollar begins to increase massively in the future. Ofcourse, the rebellious ones likely ignored the advice or/and did the opposite. Also important to point out that this is not the best time for the weakest nations to mingle or ally with most western countries against themselves, their interest, or their neighbors  It will greatly backfire and put them in misery. Goats are too vulnerable to be mingling with lions in the time of anger and hunger.  The weak and vulnerable ought to be helping themselves rather than working with those who hate them against each other.