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Los Angeles Times
Los Angeles Times
World
Ann M. Simmons

For world's most needy, 'Brexit' could mean setbacks, but also opportunities

As the shock of Britain's decision to leave the European Union sent world stock markets tumbling and triggered global concern, some began to calculate the toll it might take on the world's most needy.

Would aid to developing nations be affected? Would there be an effect on trade deals and benefits? To what extent might Britain's closest friends in emerging markets suddenly get short shrift? Or, might there actually be new opportunities for emerging economies?

"A lot depends on how 'Brexit' happens," said Owen Barder, vice president and director for Europe at the Washington-based Center for Global Development. "There are some very significant threats for developing nations and some opportunities too."

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