The global economic crisis is affecting developing countries in significant and diverse ways. These countries often have weak economic structures, high dependence on commodity exports, and limited access to financial capital. One of the main impacts is a decrease in demand for goods and services from developed countries, which has a direct impact on the income of developing countries. The industrial and export sectors are important pillars for many developing countries. When global demand declines, prices of commodities such as oil, metals and agricultural products often fall. This price decline causes a loss of income for countries that depend on exports, such as Indonesia and Nigeria. In addition, fluctuations in currency exchange rates can worsen the situation, making foreign debt more expensive and reducing foreign investment. The socio-economic impact of this crisis is also very pronounced. Many developing countries are experiencing rising unemployment rates, as companies reduce production and lay off employees. For example, in the tourism sector, which is an important source of income for countries such as Thailand and Kenya, a global crisis could lead to a drastic reduction in tourist arrivals. This situation has the potential to increase poverty and social inequality. In terms of access to education and health services, an economic crisis can lead to government budget cuts. When state revenues decline, governments often have to prioritize funding for basic infrastructure and services. This could lead to an increase in the number of children dropping out of school and a decline in the quality of health services, hampering long-term growth. Research shows that countries that have strong social networks and social protection programs are more resilient to the impact of economic crises. For example, Brazil launched a Social Assistance program to support vulnerable communities when the crisis hit. However, not all countries have the capacity to implement similar measures. The agricultural sector also did not escape the impact of the economic crisis. When agricultural commodity prices fall, farmers face difficulties in meeting their living needs. This can encourage migration from villages to cities, creating problems of unplanned urbanization. The government needs to pay attention to the sustainability of the agricultural sector to avoid a food crisis. Mitigation strategies that developing countries can adopt include economic diversification. By reducing dependence on certain sectors, countries can protect themselves from global shocks. Initiatives to increase investment in technology and innovation are also important for creating new jobs and strengthening competitiveness in global markets. The global economic crisis has had a broad and deep impact on developing countries. While these challenges are great, there are opportunities to learn and adapt. Through international collaboration and proactive policy innovation, these countries can rise and develop despite difficult situations.
