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Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia


  • Amjad, Rashid
  • Din, Musleh ud


The broad objectives of the present study are to examine the impact of the global financial crisis as it folded during 2008 and 2009 on four major South Asian economies i.e., Pakistan, India, Bangladesh and Sri Lanka; identify policy actions taken to mitigate the adverse impacts of the crisis; and spell out a broader framework for macroeconomic and development policies to ensure sustainable and inclusive growth.

Suggested Citation

  • Amjad, Rashid & Din, Musleh ud, 2010. "Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia," MPRA Paper 38150, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38150

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    References listed on IDEAS

    1. Mathew Joseph & Karan Singh & Pankaj Vashisht & Dony Alex & Alamuru Soumya & Ritika Tewari & Ritwik Banerjee, 2009. "The State of the Indian Economy 2009-10," Macroeconomics Working Papers 22915, East Asian Bureau of Economic Research.
    2. Das, Keshab & Pradhan, Jaya Prakash, 2009. "Externally-oriented Small and Medium Enterprises: Predicament and Possibilities," MPRA Paper 15522, University Library of Munich, Germany.
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    Cited by:

    1. Rashid Amjad Chaudhry & Musleh ud Din & Abdul Qayyum, 2011. "Pakistan: Breaking Out of Stagflation into Sustained Growth," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 13-30, September.
    2. repec:eee:revfin:v:35:y:2017:i:c:p:29-42 is not listed on IDEAS
    3. Ghamz-e-Ali Siyal & Asma Mohsin & Khalid Zaman, 2014. "Financial Soundness and Pakistan’s Economics Growth: Turn on the Light," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(9), pages 359-371, September.
    4. Mirajul Haq & Karim Khan & Ayesha Parveen, 2014. "The Growth and Employment Impacts of the 2008 Global Financial Crisis on Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(2), pages 129-154, July-Dec.
    5. Amjad, Rashid & Yusuf, Anam, 2014. "More and better jobs for Pakistan: Can the manufacturing sector play a greater role," MPRA Paper 59518, University Library of Munich, Germany.

    More about this item


    Financial Crisis; Global Financial Crisis; Macroeconomic Policy; Macroeconomic Development; South Asia;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G00 - Financial Economics - - General - - - General


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