Economies Most Dependent On Exports To Developing Former Eastern Bloc Nations
More than two-thirds of Kyrgyzstan's exports go to other low- and middle-income economies in Central Asia and Eastern Europe.
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More than two-thirds of Kyrgyzstan's exports go to other low- and middle-income economies in Central Asia and Eastern Europe.
April 25, 2017 12:31
As this list proves, several Caribbean island and Latin American nations' economies are closely intertwined.
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War-ravaged and with few international connections, Syrian exporters are extremely dependent on neighboring markets.
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Several developing export economies in Sub-Saharan Africa and the Middle East benefit significantly from the demand in South Asian import markets.
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China, the United States, and Germany each exported merchandise valued at more than US $1 Trillion each in 2015.
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Memphis, being the global cargo hub for FedEx, remains the busiest airport in the US in terms of air freight volume transported.
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In Tajikistan, it costs more than US $10,000 to import a standard 20-foot container.
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In Singapore and East Timor, less than $500 in fees are levied on the import of a standard 20-feet container.
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The United States rendered services valued at $690 Billion to foreign markets in 2015, doubling the second place United Kingdom.
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The U.S. and China each fell just shy of importing half of $1 Trillion worth of commercial services in 2015.
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A mix of developed and developing countries make the list of those fairly dependent on the communications and computer services export sector.
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84% of Ireland's commercial services exports are in ICT services, telecom services, and related service sectors.
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Throughout much of the European Union, registration costs to start a business equate to less than one-third of 1% of per capita GNI.
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In these nations, entrepreneurs are often faced with business startup and registration fees greater than annual incomes.
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Generally speaking, well-developed economies have the most private and public credit information resources on hand.
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Sub-Saharan Africans and their businesses have few public or private resources to access the credit information relevant to them.
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Based on the World Bank's Distance to Frontier Score, Singapore and New Zealand have the most well-rounded and advanced economies.
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Based on the World Bank's Distance to Frontier Score, Eritrea and Libya have the world's least well-rounded economies.
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Developing nations often hinder their own progress by requiring high amounts of paperwork of exporters.
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With internal strife and 17 required documents to import goods, receiving foreign merchandise into the Central African Republic can prove quite cumbersome.
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