Nations Facing Acute Financial Threats

Bangalore: All the nations across the globe, tries to build the best economy for themselves. Everyone tries to form their economy in such a way, they do not have to look upon any other nation for any sort of financial helps. Finance plays the most important role in the development of any nation.

The world business has undergone a huge scarcity of long-term finance in 2009. This has cut shorted the financial abilities of many countries and has restrained their economic growth.

‘Rediff’, based on the ‘Grant Thronton International Business Report’, has listed 10 countries, which were highly affected due to the financial downfall.

10. Greece

Average Percentage of Businesses Struggling For Funds: 59

Greece shares land borders with Albania, the Republic of Macedonia, Turkey and Bulgaria. Greece is considered as one of the developed countries in the world with a very high standard of living. The quality of life in Greece is considered to be the twenty-first rank. The Greek economy is also one of the significant economies in the Eurozone.

Service sector stands in the first rank, when it comes to the contribution towards the national economy, while industry and agriculture makes it to the second and third rank. Tourism is also one of the main sources of the Greek economy.

9. Vietnam

Average Percentage of Businesses Struggling For Funds: 59

The year 1986 plays a very important role in the Vietnam history. It was the year, when the Vietnamese government started implementing economic and political moves in the country. After this pioneering move by the Vietnamese government, by the year 2000, Vietnam had developed relations with most of the nations. Vietnam’s economic growth is considered to be one of the highest in the world.

Even though, after facing so many historical obstacles, Vietnam has come so far, there are still problems like incongruity, gender discrimination, inequality and many more.

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