Protest in Barcelona. (Photo:
Davidlohr Bueso/Flickr/CC)

Emerging countries are being affected adversely by the European and US economic situations, according to Martin Khor, executive director of South Centre, in his most recent column for The Star, one of the leading Malaysian newspapers.

Rich countries’ demand is falling, as poor countries’ exports. Inflows of capital into developing nations have also slowed down, and a reversal to a new outflow situation may well take place. The lending conditions of banks in emerging economies have also deteriorated, explains Khor.

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