839246
Description
Mind Map by Daniel Dalton, updated more than 1 year ago
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Created by Daniel Dalton
almost 10 years ago
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Explain why some countries may experience a more severe recession than others.
- Trading Blocs
- Economic position of main trading partners
- The exports as a percentage of GDP e.g. Japan, Singapore, Germany
- Developing or Developed Country
- The industry the country specialises in
- Level of Investment e.g. China
- National Debt
- Infrastructure
- Unemployment levels
- Corruption, poor governance and civil wars
- Landlocked with bad neighbours
- Degree of Absolute Poverty
- Differences in Policy Responses and governments' main objectives; e.g. cutting interest rates, fiscal stimulus, quantitative easing
- Evaluation
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