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Bailing Out the World's Poorest

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Author Info

  • Martin Ravallion

Abstract

The current financial crisis is global in nature, but it will have differing impacts within the developing world. Some people and some countries are more vulnerable than others. The author believes that it also threatens to have lasting impacts for some of those affected, notably through the nutrition and schooling of children in poor families. The author believes mistakes were made in past crises and identifies key design features for safety net programs that can help compensate for the likely welfare losses in the short-term while also promoting longer-term recovery.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Challenge.

Volume (Year): 52 (2009)
Issue (Month): 2 (March)
Pages: 55-80

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Handle: RePEc:mes:challe:v:52:y:2009:i:2:p:55-80

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043

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Cited by:
  1. Lagadec, Gael & Ris, Catherine, 2010. "La conjoncture économique dans la région Asie-Pacifique après la crise des subprime
    [The economic tendency in the Asia-Pacific area after the subprime crisis]
    ," MPRA Paper 23304, University Library of Munich, Germany.
  2. Gries Thomas & Naude Wim, 2011. "Entrepreneurship, Structural Change and a Global Economic Crisis," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-43, July.
  3. Sam Wong, 2011. "From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!," Working Papers id:4398, eSocialSciences.
  4. World Bank, 2009. "Armenia : Implications of the Global Economic Crisis for Poverty," World Bank Other Operational Studies 3119, The World Bank.

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