How Will the Financial Crisis Impact on the Developing World and What Can Be Done About It?
Following the US subprime mortgage crisis of 2007.2008, the world is now staggering from financial to economic crisis as many high.income economies are officially in recession. Now, having decimated Wall Street and then crippled Main Street, the financial crisis seems like a hurricane about to sweep across the developing world. In this article, which is based on a more substantial UNU.WIDER Discussion Paper, I look at how the financial crisis may sweep across the developing world. I also ask what can be done to overcome the worst of the crisis and alleviate the impact thereof on the poor.
|Date of creation:||2009|
|Contact details of provider:|| Postal: Katajanokanlaituri 6B, 00160 Helsinki|
Web page: http://www.wider.unu.edu/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:angle-feb-2009-a. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruck Tadesse)
If references are entirely missing, you can add them using this form.