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...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries http://hdl.handle.net/10986/26129 |
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okr-10986-261292021-04-23T14:04:33Z The Impact of the Financial Crisis on Developing Countries Lin, Justin Yifu economic growth investment climate economic volatility economic policy economic crisis 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. 2017-02-22T18:21:01Z 2017-02-22T18:21:01Z 2008-10-31 Speech http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries http://hdl.handle.net/10986/26129 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speech |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| 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 |
| 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 |
Speech |
| 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 |
2017 |
| url |
http://documents.worldbank.org/curated/en/936671487075432884/The-impact-of-the-financial-crisis-on-developing-countries http://hdl.handle.net/10986/26129 |
| _version_ |
1764461018439745536 |