The Impact of the Financial Crisis on Developing Countries
The crisis has surged across the public-private boundary, as the hit to private firms’ balance sheets has now imposed heavy new demands on the public sector’s finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere are reas...
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ftworldbank:oai:openknowledge.worldbank.org:10986/26129 2024-09-15T18:14:10+00:00 The Impact of the Financial Crisis on Developing Countries Lin, Justin Yifu 2008-10-31 application/pdf text/plain https://hdl.handle.net/10986/26129 http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries English en_US eng World Bank, Washington, DC http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries https://hdl.handle.net/10986/26129 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank economic growth investment climate economic volatility economic policy economic crisis Speech Discours Discurso 2008 ftworldbank 2024-08-13T00:17:27Z The crisis has surged across the public-private boundary, as the hit to private firms’ balance sheets has now imposed heavy new demands on the public sector’s finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere are reasons to fear that the crisis will swamp emerging markets and other developingcountries, cutting into the considerable economic progress of recent years. The developing world – what it has recently achieved, how these achievements are now at risk, and what it must now do – is the focus of this paper. Understandably, perhaps, until now the focus of policymakers has mostly been on the actions of the governments at the epicenter of the crisis, as well as those of other developed countries like Japan and Korea. This brief discussion of the dynamics of global growth in 2002-07, focusing on the mutually reinforcing booms in the developed and developing world. It also how all this growth began to unravel in 2007-08, starting with the US housing crisis. how we can respond to the crisis to ensure that the costs to the developing world are as small as possible. Audio Iceland The World Bank: Open Knowledge Repository (OKR) |
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The World Bank: Open Knowledge Repository (OKR) |
op_collection_id |
ftworldbank |
language |
English |
topic |
economic growth investment climate economic volatility economic policy economic crisis |
spellingShingle |
economic growth investment climate economic volatility economic policy economic crisis Lin, Justin Yifu The Impact of the Financial Crisis on Developing Countries |
topic_facet |
economic growth investment climate economic volatility economic policy economic crisis |
description |
The crisis has surged across the public-private boundary, as the hit to private firms’ balance sheets has now imposed heavy new demands on the public sector’s finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere are reasons to fear that the crisis will swamp emerging markets and other developingcountries, cutting into the considerable economic progress of recent years. The developing world – what it has recently achieved, how these achievements are now at risk, and what it must now do – is the focus of this paper. Understandably, perhaps, until now the focus of policymakers has mostly been on the actions of the governments at the epicenter of the crisis, as well as those of other developed countries like Japan and Korea. This brief discussion of the dynamics of global growth in 2002-07, focusing on the mutually reinforcing booms in the developed and developing world. It also how all this growth began to unravel in 2007-08, starting with the US housing crisis. how we can respond to the crisis to ensure that the costs to the developing world are as small as possible. |
format |
Audio |
author |
Lin, Justin Yifu |
author_facet |
Lin, Justin Yifu |
author_sort |
Lin, Justin Yifu |
title |
The Impact of the Financial Crisis on Developing Countries |
title_short |
The Impact of the Financial Crisis on Developing Countries |
title_full |
The Impact of the Financial Crisis on Developing Countries |
title_fullStr |
The Impact of the Financial Crisis on Developing Countries |
title_full_unstemmed |
The Impact of the Financial Crisis on Developing Countries |
title_sort |
impact of the financial crisis on developing countries |
publisher |
World Bank, Washington, DC |
publishDate |
2008 |
url |
https://hdl.handle.net/10986/26129 http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries https://hdl.handle.net/10986/26129 |
op_rights |
CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank |
_version_ |
1810451939119333376 |