Sytuacja gospodarcza najbiedniejszych krajów świata przed globalnym kryzysem finansowym i wpływ kryzysu na eksport i terms of trade tych krajów

The article analyses the economic situation of the least developed countries before and after the global financial crisis, which began in the autumn of 2008. In the first part the economic situation of these countries before the crisis is shown, which appears to be very beneficial for them. They experienced fast economic growth and fast export growth, increase in foreign currency reserves and decrease in negative balance of trade and foreign indebtedness. The global financial crisis reversed the situation. The rate of GDP decreased, export diminished in value and the Terms of Trade deteriorated.