Poor countries would miss King Dollar

AND falling dollar It is usually good for the developing world. Because poor countries borrow more in green than rich, their debt bills become less burdensome. At the same time, import becomes cheaper, providing a balm for frequently stretched foreign reserves, and investors become more optimistic. This was the case in 1971–1978 (the last time poor countries really flew to infrastructure) and in the years 2004–2008 (when freight exporters became unexpectedly rinsing).