The negative effects of this development are only now beginning to filter through to some of the poorer, developing countries in the world that do not have developed financial markets but are nevertheless dependent on the exports of basic commodities, metals and minerals. Examples in Southern Africa can be found in Botswana (diamonds), and Zambia (copper).
Finally, the weakening or full collapse of the banking systems in a number of the afflicted economies has had a major impact on the global banking sector. Not even financial institutions in the major industrial countries have been immune to this problem.