“Wibbels claims that developing countries are at a disadvantage in the global economy for two main reasons:
1. They rely heavily on foreign investment.
2. They depend on exporting a limited range of raw materials to earn foreign currency.
Because of this weak economic position, developing countries struggle to borrow money when needed. This makes it hard for them to boost their economies during economic downturns, unlike wealthier nations that can more easily borrow and spend to stimulate growth. “
This does illustrate a problem when talking about complex topics or mechanisms is the need for specificity. Using short, simple sentences comes at the risk of making things seem overly vague and hand wavey, or worse, misrepresent the concept.
In continental philosophy or mathematical papers this gets all too apparent, as alot of argument hinge on very fine differences and nuances that need to specified else people get the wrong idea.
“Wibbels claims that developing countries are at a disadvantage in the global economy for two main reasons:
1. They rely heavily on foreign investment.
2. They depend on exporting a limited range of raw materials to earn foreign currency.
Because of this weak economic position, developing countries struggle to borrow money when needed. This makes it hard for them to boost their economies during economic downturns, unlike wealthier nations that can more easily borrow and spend to stimulate growth. “