How do Geopolitical tensions affect the Development in Global South
Analyse the impact of Geopolitical tensions and COVID-19 on Development in Global South, as highlighted by PM Modi.
- Reduction in economic growth and investment due to trade barriers and sanctions imposed by powerful countries.
- Political instability leading to reduced confidence in the economy and lower foreign investment.
- Lack of funding and investment in healthcare infrastructure leading to difficulties in managing public health crises like COVID-19.
- Disruption in supply chains, manufacturing processes and global trade leading to decreased income and livelihoods for communities in the Global South.
- Deterioration of relations between countries leading to escalating conflicts and increased military expenditure.
- Weakness in the international financial system leading to limited funding and high borrowing costs.
Answered
a year ago