The Financial Crisis of 2008 and the Developing Countries

Wim Naudé

No DP2009-01, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper critically discusses this and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted.

Keywords: Economic assistance and foreign aid; Economic development; Financial crisis; Globalization; International finance; Foreign loans (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-afr, nep-ara, nep-dev, nep-fdg and nep-pke
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2009-01

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