Year: 2010
Type: book-chapter
Abstract: When the global financial crisis broke out in earnest in September 2008, it quickly became clear that developing countries would also be affected, but that the impacts would vary markedly. The Overseas Development Institute (ODI) coordinated a multi-country study over January-March 2009 involving developing country teams in 10 countries. This showed that, while the transmission mechanisms were similar in each (trade, private capital flows, remittances, aid), the effects varied by country, and much was not yet visible. As such, further country-specific monitoring was required. Most findings suggested that, as a result of time lags, the worst effects were yet to come. This synthesis of the effects of the global financial crisis on developing countries updates the description of the economic and social situation during the course of the crisis in 11 countries.
Authors: Dirk Willem te Velde, Medani M. Ahmed, Alemu Getnet, Bategeka Lawrence, Calí Massimiliano, Carlos Castel Branco, Chansa Frank, Shouro Dasgupta, Foresti Marta, M. Hangi, L. Ingombe, Ashiq Iqbal, Hossein Jalilian, Luis Carlos Jemio, François Kabuya Kalala, Keane Jodie, Jane Kennan, Towfiqul Islam Khan, Hoseana Bohela Lunogelo, Isabella Massa, A. Mbilinyi, Mudenda Dale, Francis Mwega, Ndulo Manenga, Osvaldo Nina, Ossemane Rodério, Rahman Mustafizur, Glenda Reyes, Ssewanyana Sarah, Leni Wild
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
Funders: African Development Bank Group, Styrelsen för Internationellt Utvecklingssamarbete, Machine Tool Engineering Foundation, Overseas Development Institute, European Commission, European Synchrotron Radiation Facility, Department for International Development, Consortium pour la recherche économique en Afrique, International Labour Organization, European Social Fund
OpenAlex ID: W2616688917