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The Global Economic Crisis: Towards Syndrome-Free Recovery for Africa

Author

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  • Augustin Kwasi Fosu
  • Wim Naudé

Abstract

This paper outlines the impact of the global economic crisis on Africa. Recovery requires coordinated and consistent efforts to assist individual countries in mitigating (reducing) the risk, coping with the impact, and reducing risk over the longer term. Care should be exercised to maintain and improve good governance, which is essential for African countries to avoid introducing various 'anti-growth policy syndromes' into their economies.

Suggested Citation

  • Augustin Kwasi Fosu & Wim Naudé, 2009. "The Global Economic Crisis: Towards Syndrome-Free Recovery for Africa," WIDER Working Paper Series DP2009-03, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2009-03
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2009-03.pdf
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    Citations

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    Cited by:

    1. Franklin Allen and Giorgia Giovannetti, 2010. "Fragile Countries And The 2008-2009 Crisis," EUI-RSCAS Working Papers 13, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    2. Wim Naudé, 2010. "The Global Economic Crisis and Developing Countries: Effects, Responses and Options for Sustainable Recovery," Poverty & Public Policy, John Wiley & Sons, vol. 2(2), pages 211-235, May.
    3. Douglason G Omotor, 2011. "Nigeria And The Global Economic Crisis," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 20(1), pages 59-80, june.
    4. Wim Naudé, 2009. "Fallacies about the Global Financial Crisis Harms Recovery in the Poorest Countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(04), pages 3-12, January.

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