Question

The text lists several reasons that stand out as the cause for economic stagnation in the world's poorest countries. what are three of those reasons?

Answer 1

The three reasons for the Economic stagnation in the World's poorest countries are Low exports, high imports, high loans.

What is Economy?

Economy is the business environment of the country which the country depends on. The economic conditions are mainly dependent on the balance between import and exports, also the production of the country.

World's poorest countries face an economic stagnation due to mainly three reasons,

Low exports which means that lower foreign exchange is received and also the production of the country is low (gross domestic produce).

High Imports is another reason for the poor country being in a stagnant economic environment, this results in high amount of foreign outward.

High loans means that higher interest expense needs to be paid in the foreign currency which results in the reduction of the foreign exchange in the country and the economic conditions are stagnant.

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