Aggregate Shocks, Poor Household and Children: Transmission Channels and Policy Responses
The global financial crisis that erupted in 2008 coupled with food and fuel price volatility are likely to affect developing countries, and within them the vast majority of the world's poor population in profound ways. This paper maps the different channels through which their effects could be transmitted to the developing world, and it illustrates a basic framework of shock transmission to a developing country from the macro-levels -- considering also possible adverse feedback effects.
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