Small economies are vulnerable because they are over-dependant on external factors, pointed out the Secretary General of the Commonwealth of Nations Kamalesh Sharma.
“The inability to generate national wealth in substantial forms internally makes this dependency financially unbeatable,” explained Sharma.
That is why the G8 and G20 leaders should drop their pretensions to world economic leadership if they are not willing to help poor countries, said the Secretary General of the Commonwealth of Nations during the recent G20 summit in Toronto.