Final answer:
The global debt crisis has exacerbated the dependency of emerging nations. The global debt crisis has heightened the dependency of emerging economies on external sources, leading to a difficult to manage debt burden while also impacting global development and stability.
Step-by-step explanation:
The global debt crisis has exacerbated the dependency of emerging nations on external financing, compromising their economic sovereignty and stability. When global markets devalue a country's goods and services, these nations struggle to manage an ever-growing debt burden. This scenario has been observed in various regions including Latin America, the Caribbean, East Asia, and Pacific nations. With factors like climate change, war, and political unrest influencing the world economy, the interconnection between countries makes it challenging to ignore the financial difficulties faced by nations. Moreover, poverty in low-income nations can foster social unrest and political instability, hindering global development and perpetuating cycles of underdevelopment.