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The Global Economic Crisis after One Year: Is a New Paradigm for Recovery in Developing Countries Emerging?

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  • Naude, Wim

Abstract

One year into the global economic crisis, it has become clear that the paradigm for international development has changed irrevocably. With leadership, moral authority and the capacity of the West in international development diminishing, developing countries. recovery and future growth will critically hinge on their own initiatives, solutions and leadership. This policy brief summarizes the global responses to the crisis over the past year, points to their shortcomings and argues that a new paradigm for recovery in developing countries is emerging

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File URL: http://www.wider.unu.edu/publications/policy-briefs/en_GB/unupb2-2009/_files/82088256588152964/default/unupb2-2009.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER UNU Policy Brief unupb2-2009.

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Length: 8 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:unu:wpaper:unupb2-2009

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Keywords: financial crisis; developing countries; development finance; financia;

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