Economic activities of developing countries are under the influence of developed countries. The development plans of developing countries are mostly financed by developed countries in the form of loans. Therefore, the already weak economy gets under the burden of unabated foreign debts.
It will not be wrong to say that obtaining foreign loans is unfavourable for the developing countries. The economy of such countries is always under debt. This creates never-ending poverty in these countries.
Zurara Batool
Karachi