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- Nov 2021
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learn.diplomacy.edu learn.diplomacy.edu
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world recession affec
I think... --- the effects of global recessions are felt hard by developing and/or vulnerable states because:
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Most of the economies are undiversified , fragile and functioning on limited resources;
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Their economies are mostly reliant on commodities, and this market is often volatile and recovery after a disruption can take a few years. The 2008 global recession dealt a hard blow on some of the commodity led economies like Botswana.
Source author: Omphile Sethunya Sedimo sedimosethunya44@gmail.com
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