We have some fantastic free revision resources available for students of development economics - all available here www.tutor2u.net/economics/collections/development-economics-a-level-economics-student-briefings
1:51 because hong kong and macau are not 'countries', they're special administrative regions under china's rule - though their own economies are rather independent
High levels of external debt can cause a country's currency to depreciate in value against other countries which then causes prices of imports to rise which reduces the real value of money.
We have some fantastic free revision resources available for students of development economics - all available here www.tutor2u.net/economics/collections/development-economics-a-level-economics-student-briefings
1:51 because hong kong and macau are not 'countries', they're special administrative regions under china's rule - though their own economies are rather independent
Thank you this video was very helpful
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How does external debt affect devaluation of money, i didnt get the part because im new to studying economics and i have to make a report on debt
High levels of external debt can cause a country's currency to depreciate in value against other countries which then causes prices of imports to rise which reduces the real value of money.