Ask Question
8 December, 19:01

3. How do global factors influence the economy in your country?

+2
Answers (1)
  1. 8 December, 20:19
    0
    Answer

    Hi,

    In a developing nation, global factors that can influence the economy are political populism, global insecurity and the refugee crisis

    Explanation

    Making the explanation from 2016, this year was a challenging and difficult one for the global economy. First it was marked by political populism where President Donald Trump, Marine Le Pen and other influential figures took advantage weak economies and low productivity growth to talk on real wages and consumption.

    The U. S presidential election being a major political event in 2016, the main issue was on the possibility of restoring the US as a global force for stability after Obama. Security issue raised due to inferior foreign policies and unwillingness to direct military forces in difficult regions.

    Refugee was a major factor during 2016 where millions of individuals entered Europe seeking asylum. Many people were displaced in 2015 with countries like Germany, Hungary and Sweden receiving high inflows of refugee.

    Good luck!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “3. How do global factors influence the economy in your country? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers