The Global Economic Crisis and Developing Countries: Impacts, Responses and Options for Sustainable Recovery

Naudé, Wim, (2010). The Global Economic Crisis and Developing Countries: Impacts, Responses and Options for Sustainable Recovery. Poverty & Public Policy, (2), 211-235

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UNU-MERIT Journal Articles

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  • Sub-type Journal article
    Author Naudé, Wim
    Title The Global Economic Crisis and Developing Countries: Impacts, Responses and Options for Sustainable Recovery
    Appearing in Poverty & Public Policy
    Issue No. 2
    Publication Date 2010-05
    Place of Publication Online
    Publisher Policy Studies Organization
    Start page 211
    End page 235
    Abstract Following the financial crisis that broke in the U.S. and other Western economies in late 2008 and lead to a global economic crisis, there is now worldwide concern about its effect on the developing countries. One year into the crisis, this paper discusses its unfolding during 2008-2009 and traces its effect on developing countries. The paper takes note of the greater resilience of man developing countries this time around (as opposed to previous global recessions) and discusses the global responses to the crisis during 2008 and 2009, concluding that the weak response of the rich world to help developing countries may contribute to a paradigm shift in international development.
    UNU Topics of Focus Poverty
    Keyword Financial crisis
    Developing countries.international development
    Poverty
    Copyright Holder Policy Studies Organization
    Copyright Year 2010
    Copyright type All rights reserved
    DOI 10.2202/1944-2858.1050
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    Created: Wed, 11 Dec 2013, 18:20:03 JST