A Look At the Countries That Are Most Impacted By The Global Decline In Exports

Encyclopaedia Britannica

George Friedman, Geopolitical Futures: The Export Crisis: The 10 Worst Hit Countries and the 5 Most at Risk

As the global market for exports declines, we indicate some of the countries that will be most affected by the downturn.

Some have said the economic problems we are currently seeing are similar to those experienced in 2008. However, there are fundamental differences. In 2008, there was a financial crisis. The financial system is the accounting system for the economy. As such, it occasionally develops internal irrationalities that can be exploited by traders. The manner in which home mortgages were handled by banks and the financial services industry created massive irrationalities, which were then exploited. Financial problems can create economic dislocations of course, but they have a different genesis than the problem the world faces today.

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WNU Editor: No surprises in this list .... and all of them are being economically hit hard right now.