How does financial resources affect the development of a country
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financial resources of a the development of a country is in many ways as we know that now a days money plays a very significant role in the development of a country or a person it simply says that the financial condition of continuous improvement
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There are a few times when the accumulation of international reserves of external debts allow developing countries to protect themselves from the rapid deterioration of capital flows.
Explanation:
- Financial resources do play much important role in the development of a nation. This leads to the generation of employment opportunities thereby reducing poverty which necessarily maintained an economic boost.
- Resources also provides surplus prices that is utilized in the country’s infrastructure amenities development of education medical and enhancing trade relations.
- If a nation has low financial resources than eventually, this would lead to a weakening of the currency thereby affecting the interpersonal relations of the countries with the respective one.
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