Comments on: 10 Countries Least Affected by the US Financial Crisis http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: jerome http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-2/#comment-17907 jerome Fri, 09 Oct 2009 04:16:45 +0000 http://www.businesspundit.com/?p=5783#comment-17907 When you curse and riducule America you are lowering yourself as well. People that Blame America for everything, are idoits. Plain and simple. America may have some cause for past events and present state, but not every single American is responsible. You can't simply judge a every person in a country because you hear or see something. Also, this guy is only wrong about the UAE because their government doesn't want anyone to know that they are spiriling downhill. I don't blame them. Once a country recognizes that its affected by a recession. Then measures really take a downfall. And Yes,I think we all can agree that every country is affected in some way or another, wether its involves trading,money, or goods and valuables. The author is simply trying to say. Of the countries in the world, these are the ones that are doing better then the others. When you curse and riducule America you are lowering yourself as well. People that Blame America for everything, are idoits. Plain and simple. America may have some cause for past events and present state, but not every single American is responsible. You can’t simply judge a every person in a country because you hear or see something. Also, this guy is only wrong about the UAE because their government doesn’t want anyone to know that they are spiriling downhill. I don’t blame them. Once a country recognizes that its affected by a recession. Then measures really take a downfall. And Yes,I think we all can agree that every country is affected in some way or another, wether its involves trading,money, or goods and valuables. The author is simply trying to say. Of the countries in the world, these are the ones that are doing better then the others.

]]> By: AKS http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-17396 AKS Fri, 25 Sep 2009 08:33:48 +0000 http://www.businesspundit.com/?p=5783#comment-17396 Well I am from Armenia and am currently living in the US. To say that it has not impacted the economy there at all would not be correct. Armenia has a very large diaspora in the US and Russia, and a lot of money (multimillions) come pouring in from the US diaspora alone. The come in either as monthly wire transfers through local Armenian money transfer services or as investments in the local construction projects. The population had most of its savings in dollars, and as the US economy sank so did the price of the dollar, which mean most of the population lost some buying power. Construction projects got halted in large too. As the relatives in the US suffered unemployment and/or business slow downs they also could not help out their family members/relatives back home, thus again hurting the economy. From purely banking point of view, you are correct, not much effected (harder to get credits for our banks though) but economy wise we got hit. Well I am from Armenia and am currently living in the US.

To say that it has not impacted the economy there at all would not be correct.

Armenia has a very large diaspora in the US and Russia, and a lot of money (multimillions) come pouring in from the US diaspora alone. The come in either as monthly wire transfers through local Armenian money transfer services or as investments in the local construction projects.

The population had most of its savings in dollars, and as the US economy sank so did the price of the dollar, which mean most of the population lost some buying power. Construction projects got halted in large too. As the relatives in the US suffered unemployment and/or business slow downs they also could not help out their family members/relatives back home, thus again hurting the economy.

From purely banking point of view, you are correct, not much effected (harder to get credits for our banks though) but economy wise we got hit.

]]> By: Darren http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-16634 Darren Thu, 27 Aug 2009 18:25:29 +0000 http://www.businesspundit.com/?p=5783#comment-16634 I am a student currently writing my thesis on International Construction. Glad I came across these comments as ive been trawling through literature for months trying to find out more about the global construction economy. seems that the worlds media are sugar coating the economic crisis. I would be very interested to hear from anyone regarding the current state of affairs i.e. what countries are doing well / badly due to the stupidity of banks. I look forward to hearing all about it. Cheers I am a student currently writing my thesis on International Construction. Glad I came across these comments as ive been trawling through literature for months trying to find out more about the global construction economy. seems that the worlds media are sugar coating the economic crisis. I would be very interested to hear from anyone regarding the current state of affairs i.e. what countries are doing well / badly due to the stupidity of banks.
I look forward to hearing all about it. Cheers

]]> By: Federico Salinas http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-16250 Federico Salinas Tue, 18 Aug 2009 06:03:15 +0000 http://www.businesspundit.com/?p=5783#comment-16250 I am sorry, but I live in the UAE and this is completely wrong. The UAE is one of the MOST affected countries in the world, especially Dubai. The real estate boom has turned into complete bust, with real estate prices (purchases and rental rates, residential and commercial) having declined nearly 50%. The effects are more palpable here than any other place I've been in the last year (and I've been to a lot of countries for substantial amounts of time, as I have three passports and my business requires me to be on the road) including the US, the UK, Mexico, Singapore, France, Germany, the Netherlands, Spain, Jordan, Turkey ... to name a few. To give an example, where the main artery leading to Abu Dhabi, to the financial district, to downtown, used to be bumper-to-bumper congested this time last year, nowadays you can get to work easily. People have left in droves. Remember that this place (Dubai) doesn't really produce anything: It was built upon expectations of growth due to foreign investment that resulted from the newly superrich throughout the world. When the crisis hit the superrich and the rich, the money stopped coming here and a huge vacuum was created: Hundreds of massive projects that were not yet funded were left hanging by the lack of funds, which meant that all the jobs (construction, finance, and all the supporting businesses) disappeared almost overnight. One more thing: This article is also seriously wrong about Brazil's success being due to its singular stability in Latin America. This is not true at all. Most Latin American countries have been stable for years, in tandem with Brazil. This is a continental phenomenon, not one particular to Brazil. All LA countries have been democracies for years now. This, therefore, does not explain why Brazil has escaped the brunt of the crisis. I am sorry, but I live in the UAE and this is completely wrong. The UAE is one of the MOST affected countries in the world, especially Dubai. The real estate boom has turned into complete bust, with real estate prices (purchases and rental rates, residential and commercial) having declined nearly 50%. The effects are more palpable here than any other place I’ve been in the last year (and I’ve been to a lot of countries for substantial amounts of time, as I have three passports and my business requires me to be on the road) including the US, the UK, Mexico, Singapore, France, Germany, the Netherlands, Spain, Jordan, Turkey … to name a few. To give an example, where the main artery leading to Abu Dhabi, to the financial district, to downtown, used to be bumper-to-bumper congested this time last year, nowadays you can get to work easily. People have left in droves. Remember that this place (Dubai) doesn’t really produce anything: It was built upon expectations of growth due to foreign investment that resulted from the newly superrich throughout the world. When the crisis hit the superrich and the rich, the money stopped coming here and a huge vacuum was created: Hundreds of massive projects that were not yet funded were left hanging by the lack of funds, which meant that all the jobs (construction, finance, and all the supporting businesses) disappeared almost overnight.

One more thing: This article is also seriously wrong about Brazil’s success being due to its singular stability in Latin America. This is not true at all. Most Latin American countries have been stable for years, in tandem with Brazil. This is a continental phenomenon, not one particular to Brazil. All LA countries have been democracies for years now. This, therefore, does not explain why Brazil has escaped the brunt of the crisis.

]]> By: Alex Nioniringie http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-16202 Alex Nioniringie Mon, 17 Aug 2009 10:20:48 +0000 http://www.businesspundit.com/?p=5783#comment-16202 The whole wolrld has been affected diretly or indirectly by the financial crisis.For example,In Uganda where i live, prices for most products have increased by atleast 20%,and yet uganda's financial markets are one of the most poorly developed in the whole world and entirely depends on the local population.All this is driven by the scarcity of the foreign exchange due to the financial crisis affecting the strogest economies with strong currencies like the US dollar,the Euro And the british Pound.Although Uganda's Exports have inreased b'se of the high prices of the forex,Uganda's economy's considerable percentage depends on remittences from abroad and tourism which were negatively directly affected by the global financial crisis. ALL Ugandans on average are affected by high prices. An indication that on average all countries are either facing low prices(recession)or inflation,that is If they have connections with europe and the USA. The whole world is 'internally bleeding'. Alex nioniringiye Makerere University The whole wolrld has been affected diretly or indirectly by the financial crisis.For example,In Uganda where i live, prices for most products have increased by atleast 20%,and yet uganda’s financial markets are one of the most poorly developed in the whole world and entirely depends on the local population.All this is driven by the scarcity of the foreign exchange due to the financial crisis affecting the strogest economies with strong currencies like the US dollar,the Euro And the british Pound.Although Uganda’s Exports have inreased b’se of the high prices of the forex,Uganda’s economy’s considerable percentage depends on remittences from abroad and tourism which were negatively directly affected by the global financial crisis.
ALL Ugandans on average are affected by high prices. An indication that on average all countries are either facing low prices(recession)or inflation,that is If they have connections with europe and the USA. The whole world is ‘internally bleeding’.

Alex nioniringiye
Makerere University

]]> By: ARB http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-15269 ARB Tue, 23 Jun 2009 11:49:49 +0000 http://www.businesspundit.com/?p=5783#comment-15269 Lebanon, Syria ... Lebanon, Syria …

]]> By: JEHADI http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-14806 JEHADI Sun, 31 May 2009 14:10:57 +0000 http://www.businesspundit.com/?p=5783#comment-14806 OH, I DONT BELEIVE IN THE US FINANCIALL CRISIS WAR. THIS IS THE AMERICAN WAR WHICH HE HAS PUT TO OTHER PARTS OF THE WORLD, AS A RETURN OF KILLING THEIR INNOCENT PEOPLE. IN FACT AMERICA IS A NONEXISTING EXAMPLE OF EVIL IN THE WORLD. HE STATRED WAR IN AFGANISTAN, IRAQ, PALESTINE, SYRIA & MOST OF THE MUSLIM CONUTRIES. HE USED HIS FULL CAPABILITIES TO DESTROY MUSLIMS, IN THE VARIOUD PARTS OF THE WORLD. SINCE THERE IS NO ACCOUNTABILITY IN THIS WORLD FOR SUCH SHITS & SINS, THUS AS A REWARD AMERICA WITH HIS SHITTTTTTTTYYYYY PEOPLE BELIVEVE THAT THEY WILL CRUSH MUSLIMS & WILL RULE THIS WORLD, BUT BELEIVE ME EVENTHOUGH OUR BROTHERS (LIKE ARAB COUNTRIES WHO ARE FULLY ENRICHED WITH VALAUABLE RESOURCES), DONT ENCOURAGE US AMERICA WILL NEVER BE ABLE TO LOOK TOWARDS ANY MUSLIM COUNTRY WITH HIS MALICIOUS THINKING. NOR ISRAEL NEVER IT WILL HAPPEN NEVER. IN THE END I WILL HAVE MY OPEN HEART WORSE PRAYERS & CURSE TO AMERICA & ALL AMERICANS" ALL AMERICANS GO TO HELLLLLLLLLLL""" OH, I DONT BELEIVE IN THE US FINANCIALL CRISIS WAR. THIS IS THE AMERICAN WAR WHICH HE HAS PUT TO OTHER PARTS OF THE WORLD, AS A RETURN OF KILLING THEIR INNOCENT PEOPLE. IN FACT AMERICA IS A NONEXISTING EXAMPLE OF EVIL IN THE WORLD. HE STATRED WAR IN AFGANISTAN, IRAQ, PALESTINE, SYRIA & MOST OF THE MUSLIM CONUTRIES. HE USED HIS FULL CAPABILITIES TO DESTROY MUSLIMS, IN THE VARIOUD PARTS OF THE WORLD. SINCE THERE IS NO ACCOUNTABILITY IN THIS WORLD FOR SUCH SHITS & SINS, THUS AS A REWARD AMERICA WITH HIS SHITTTTTTTTYYYYY PEOPLE BELIVEVE THAT THEY WILL CRUSH MUSLIMS & WILL RULE THIS WORLD, BUT BELEIVE ME EVENTHOUGH OUR BROTHERS (LIKE ARAB COUNTRIES WHO ARE FULLY ENRICHED WITH VALAUABLE RESOURCES), DONT ENCOURAGE US AMERICA WILL NEVER BE ABLE TO LOOK TOWARDS ANY MUSLIM COUNTRY WITH HIS MALICIOUS THINKING. NOR ISRAEL NEVER IT WILL HAPPEN NEVER. IN THE END I WILL HAVE MY OPEN HEART WORSE PRAYERS & CURSE TO AMERICA & ALL AMERICANS” ALL AMERICANS GO TO HELLLLLLLLLLL”"”

]]> By: emc http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-14584 emc Fri, 22 May 2009 02:03:51 +0000 http://www.businesspundit.com/?p=5783#comment-14584 what?? thailand's gdp is expecting to contract!! and there's no forecast of gdp growth for both malaysia and thailand!! only the philippines and indonesia in southeast asia will expand it's economy by 2.5-4.0%...others are flat and will deteriorate.. ..btw, remittances and high goverment spending cushioned the philippine economy from the direct effect of the financial crisis... what?? thailand’s gdp is expecting to contract!! and there’s no forecast of gdp growth for both malaysia and thailand!! only the philippines and indonesia in southeast asia will expand it’s economy by 2.5-4.0%…others are flat and will deteriorate..
..btw, remittances and high goverment spending cushioned the philippine economy from the direct effect of the financial crisis…

]]> By: Mohamad http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-13463 Mohamad Tue, 14 Apr 2009 01:59:49 +0000 http://www.businesspundit.com/?p=5783#comment-13463 i would agree with all of the list but for sure not UAE, if you live here you will know that construction stopped ,population is rapidly decreasing, and layoffs are increasing rapidly. the bad news: they still cant believe it the good news: hopefully abudhabi will support the country Note: Dubai does not have Oil or Gas, 87% of the oil in UAE is coming from abudhabi, so if you said Abudhabi was not affected that would be true, as the 7 emirates operate independently on the economic side. Finally: Syria, and Libya is to be listed here i would agree with all of the list but for sure not UAE, if you live here you will know that construction stopped ,population is rapidly decreasing, and layoffs are increasing rapidly.
the bad news: they still cant believe it
the good news: hopefully abudhabi will support the country

Note: Dubai does not have Oil or Gas, 87% of the oil in UAE is coming from abudhabi, so if you said Abudhabi was not affected that would be true, as the 7 emirates operate independently on the economic side.

Finally: Syria, and Libya is to be listed here

]]> By: James H http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/comment-page-1/#comment-13421 James H Sat, 11 Apr 2009 10:39:39 +0000 http://www.businesspundit.com/?p=5783#comment-13421 Romania: I own a few shops being leased out in the absolute prime center of Bucharest. The companies leasing it have given me an ultimatum of a 50% lease reduction due to the crisis or they would leave... Unites Arab Emirates: All buildings there are standing empty with prices falling down like a brick. They are about to witness, if not already, the biggest crash they can imagine... Thailand: The Thai tourism is at the lowest in years. Tourist destinations and establishments are empty like nobody has ever seen before. Many establishments are gasping for survival... Romania:
I own a few shops being leased out in the absolute prime center of Bucharest. The companies leasing it have given me an ultimatum of a 50% lease reduction due to the crisis or they would leave…

Unites Arab Emirates:
All buildings there are standing empty with prices falling down like a brick. They are about to witness, if not already, the biggest crash they can imagine…

Thailand:
The Thai tourism is at the lowest in years. Tourist destinations and establishments are empty like nobody has ever seen before. Many establishments are gasping for survival…

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