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Developing Countries: Impact of the Crisis and the Response—Implications for an Approach to the G20 by Russia, India and China

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  • Manmohan Agarwal

    (Manmohan Agarwal, Centre for International Governance Innovation, Waterloo, Canada. E-mail: manmohan44@gmail.com)

Abstract

This paper examines five issues: 1) Recent performance of developing countries in terms of growth, investment and integration with the world economy; 2) The impact of the crisis on these economies; 3) The response of policy makers in these economies to mitigate the adverse impact, in particular, the nature of the stimulus packages implemented in these economies; 4) The role developing countries can play in the recovery of the world economy; and 5) The role of China in the recovery, and, in particular, how to deal with the bilateral imbalance between the US and China. Special attention is paid to the behaviour of the economies of the developing country members of the G20 (DG20).1 Finally, the paper discusses what the crisis has revealed about the interests of Russia, India and China in the world economy and consequently a possible strategy for the G20 which would serve their interests.

Suggested Citation

  • Manmohan Agarwal, 2010. "Developing Countries: Impact of the Crisis and the Response—Implications for an Approach to the G20 by Russia, India and China," China Report, , vol. 46(1), pages 71-87, February.
    • Handle: RePEc:sae:chnrpt:v:46:y:2010:i:1:p:71-87
    DOI: 10.1177/000944551004600106
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    References listed on IDEAS

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    1. Commission on Growth and Development, 2008. "The Growth Report : Strategies for Sustained Growth and Inclusive Development," World Bank Publications - Books, The World Bank Group, number 6507.
    2. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150.
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