Recession: How Does It Affect the Third World?
This article will tell you how the mistakes of city fat-cats affect the lives of those in places such as Africa.
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The recent recession has affected every person and every country in the world, it has affected all nations, no matter if they are rich or poor. People have called it the worst recession, since the great depression but people have only been focusing on the likes of America and the UK, seeing how they cope with the recession. The answer is, they will be able to cope, maybe a few people will lose their jobs and people may lose some of their money but it won’t affect them that much. However for countries in the third world, this recession means so much more than just a loss in profits.
Countries in Africa or Asia, who are largely agricultural workers, will feel the full affects of the recession. This is because the recession is affecting businesses which would usually be exporting items such as food or clothing from the third world, yet they will see a drop in demand for these products and they will simply forget about the people who are growing the food or are making the clothes. This has huge consequences on these already poor countries, as foreign money, is the only way they can survive. Therefore the people in these countries can’t afford to buy anything for themselves, people will be going days without food and ultimately people will die because of the recession. Also the recession has affected people’s willingness to give money to charities, as people will only give when they have too much money. This means that nobody can help the people dying in the third world countries, so the suffering continues. Therefore this recession could be worse than any disease or drought that has affected these countries previously, as it’s killing so many people no matter, who they are.
The action of a few greedy bankers and banks, will be the down full of entire countries. Is this not a greater evil than droughts or tsunamis that have already destroyed these countries? As we, the Western world could do something about it. However as usual money has turned us all into evil monsters, who only care about our profit and turnover.