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⟩ Why the global financial crisis did not affect strongly on the underdeveloped countries?

1. Thr limited exposture to derivative products.

2. The crisis mainly strtd in US, all the nations do hav

trade relations with US but in case of nations with

comparatively less imports/exports suffrd lesser.

3. Dollar value affects whole of the wrld.. bt again lesser

dealings means lesser impact.

4. underdeveloped nations who had no outsourcing

relationship with us also suffred less(unlike india.. which

is a developing country and gets a lot of outsourcing

busness frm the west)

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