The Great Recession and Developing Countries

The Great Recession and Developing Countries PDF Author: Mustapha K. Nabli
Publisher: World Bank Publications
ISBN: 0821385143
Category : Business & Economics
Languages : en
Pages : 666

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Book Description
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.

The Great Recession and Developing Countries

The Great Recession and Developing Countries PDF Author: Mustapha K. Nabli
Publisher: World Bank Publications
ISBN: 0821385143
Category : Business & Economics
Languages : en
Pages : 666

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Book Description
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.

A Decade after the Global Recession

A Decade after the Global Recession PDF Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815283
Category : Business & Economics
Languages : en
Pages : 475

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Book Description
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

Ascent after Decline

Ascent after Decline PDF Author: Otaviano Canuto
Publisher: World Bank Publications
ISBN: 0821389432
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
The Great Recession of 2009-2011 has left us short of instruments, bereft of confidence, and generally unprepared for a low-growth world. In this book, more than a dozen noted scholars discuss the prospects for future regrowth within analyses of key policy problems, major markets, and promising avenues for stimulating long-term economic growth.

Working through the Crisis

Working through the Crisis PDF Author: Arup Banerji
Publisher: World Bank Publications
ISBN: 0821394622
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
This book reviews the experience of workers in developing countries during the global financial crisis of 2009, asseses the recovery, and provides new evidence on the policy response that countries undertook in response to the crisis.

The Global South after the Crisis

The Global South after the Crisis PDF Author: Hasan Cömert
Publisher: Edward Elgar Publishing
ISBN: 1783474319
Category : Business & Economics
Languages : en
Pages : 277

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Book Description
This volume is split into two accessible sections. The first part concentrates on the impact of the crisis on growth, inequality, policy responses and policy shifts in key areas such as central banking. The second part comprises individual country case studies and includes an exploration of the vulnerabilities related to the integration of developing economies into the world economy. The effect of the crisis on trade, and the ways in which some developing countries have entered into a prolonged period of stagnant growth following the global crisis are all considered.

The Global Economic Crisis and the Developing World

The Global Economic Crisis and the Developing World PDF Author: Ashwini Deshpande
Publisher: Routledge
ISBN: 1136315136
Category : Business & Economics
Languages : en
Pages : 381

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Book Description
The world economy is currently in the throes of a global economic crisis reminiscent of the great depressions of the 1930s and the 1870s. As back then, the crisis has exposed the major structural imbalances in financial and credit markets in addition to global trade forcing many governments, developed and developing, to impose debilitating austerity measures that are exacerbating the structural weaknesses that caused the crisis in the first place. This volume offers historical insights into the origins of the contemporary crisis as well as detailed analyses of the financial and trade dimensions, an assessment of the technological and innovation context along with perspectives on the implications for unemployment and gender imbalances.

From the Great Recession to Labour Market Recovery

From the Great Recession to Labour Market Recovery PDF Author: I. Islam
Publisher: Springer
ISBN: 0230295185
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
This book sheds light on the impact of the Great Recession from the perspective of both developing and developed countries. It traces the complex and multiple causes of the Great Recession, delineates the diversity in the macroeconomic and labour market consequences, and highlights the effectiveness of policy responses undertaken so far.

Reshaping Global Value Chains in Light of COVID-19

Reshaping Global Value Chains in Light of COVID-19 PDF Author: Paul Brenton
Publisher: World Bank Publications
ISBN: 1464818223
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries. This book examines the impact of the COVID-19 pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The report reviews previous crises and what these tell us about the resilience of GVC firms to shocks. It examines the observed impact of COVID-19 on trade during the sharp global recession of 2020. It summarizes discussions with GVC firms on the impacts of, and their responses to, the COVID shock. GVCs showed surprising resilience, but the rapid recovery raised new issues with supply chains. The book then explores simulations from a global economic model of the potential longer-term impacts of COVID-19 on developing countries and other key factors shaping the global economy, including the evolving role of China, increasing trade restrictions and policy responses to global warming. The analysis shows that while there are risks associated with GVCs, especially those concentrated around key nodes and where opportunities to find alternative suppliers or buyers are limited, there are mechanisms by which GVCs maintain trade relationships during a crisis, paving the way for a strong trade-led recovery. Measures are identified that can enhance the resilience of GVCs in low-income countries. This report finds that policies that maintain and enhance trade can contribute toward crisis management and recovery. Attempts to reshore production would make all countries worse off, including those that implement them, and could drive 52 million people, mainly in Africa, into extreme poverty. Measures to meet climate change commitments will have more profound impacts, leading to a shift away from carbon-intensive GVCs, while new opportunities for trade will arise in GVCs that are less carbon intensive.

The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact

The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact PDF Author: Pelin Berkmen
Publisher: International Monetary Fund
ISBN: 1451874251
Category : Business & Economics
Languages : en
Pages : 21

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Book Description
We provide one of the first attempts at explaining the differences in the crisis impact across developing countries and emerging markets. Using cross-country regressions to explain the factors driving growth forecast revisions after the eruption of the global crisis, we find that a small set of variables explain a large share of the variation in growth revisions. Countries with more leveraged domestic financial systems and more rapid credit growth tended to suffer larger downward revisions to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing goods more affected than those exporting food. Exchange-rate flexibility clearly helped in buffering the impact of the shock. There is also some -weaker-evidence that countries with a stronger fiscal position prior to the crisis were hit less severely. We find little evidence for the importance of other policy variables.

Working Through the Crisis

Working Through the Crisis PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description