The Evolution of Global Markets
The economic crisis affects the whole world, not just Spain Why, then, have other countries avoided the terrible economic conditions and suffering of Spain?
The emerging countries entering the global market have advantages compared to developed countries because they have increased macroeconomic policies, such as fiscal and external positions, which will help in this global market. Additionally, emerging countries have more money freedom to improve industries with loans, because many developed countries have debt and consequently, they cannot stop economic problems as emerging countries because they do not have sufficient funds. |
References:
http://knowledge.wharton.upenn.edu/article/spains-plan-for-economic-recovery-jumpstart-its-exports/
http://knowledge.wharton.upenn.edu/article/spains-plan-for-economic-recovery-jumpstart-its-exports/