The Financial and Economic Crisis and Developing Countries
Developing countries were hit hard by the financial and economic crisis, although the impact was somewhat delayed. Every country had different challenges to master. The closer the developing countries are interconnected with the world economy, the crasser the effects. And the incipient recovery that...
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Institut de Hautes Études Internationales et du Développement
2010-03-01
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| Series: | Revue Internationale de Politique de Développement |
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| Online Access: | https://journals.openedition.org/poldev/144 |
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| author | Bruno Gurtner |
| author_facet | Bruno Gurtner |
| author_sort | Bruno Gurtner |
| collection | DOAJ |
| description | Developing countries were hit hard by the financial and economic crisis, although the impact was somewhat delayed. Every country had different challenges to master. The closer the developing countries are interconnected with the world economy, the crasser the effects. And the incipient recovery that is becoming noticeable is, for the time being, restricted to only a few countries and regions.The crisis was transmitted primarily by trade and financial flows forcing millions back into poverty. Attainment of the Millennium Development Goals is seriously jeopardised in many countries. Many developing countries did not and do not have the resources to stimulate the economy and protect their socially disadvantaged populations to the same extent as the industrialised countries. However, many countries have made considerable efforts to mitigate the effects. Developing countries have also increased their cooperation with one another and are urgently demanding a greater voice in global economic affairs.The industrialised countries are for the most part more concerned with their own problems. Their readiness to provide more extensive aid is limited. They are under pressure from the international institutions to relax their previous dominance in favour of the increasingly strong emerging countries. A shift in power and influence that was already noticeable before the financial crisis is deepening. |
| format | Article |
| id | doaj-art-d6225e6e030e418e8db1eaf165b45f06 |
| institution | OA Journals |
| issn | 1663-9375 1663-9391 |
| language | English |
| publishDate | 2010-03-01 |
| publisher | Institut de Hautes Études Internationales et du Développement |
| record_format | Article |
| series | Revue Internationale de Politique de Développement |
| spelling | doaj-art-d6225e6e030e418e8db1eaf165b45f062025-08-20T02:34:15ZengInstitut de Hautes Études Internationales et du DéveloppementRevue Internationale de Politique de Développement1663-93751663-93912010-03-01118921310.4000/poldev.144The Financial and Economic Crisis and Developing CountriesBruno GurtnerDeveloping countries were hit hard by the financial and economic crisis, although the impact was somewhat delayed. Every country had different challenges to master. The closer the developing countries are interconnected with the world economy, the crasser the effects. And the incipient recovery that is becoming noticeable is, for the time being, restricted to only a few countries and regions.The crisis was transmitted primarily by trade and financial flows forcing millions back into poverty. Attainment of the Millennium Development Goals is seriously jeopardised in many countries. Many developing countries did not and do not have the resources to stimulate the economy and protect their socially disadvantaged populations to the same extent as the industrialised countries. However, many countries have made considerable efforts to mitigate the effects. Developing countries have also increased their cooperation with one another and are urgently demanding a greater voice in global economic affairs.The industrialised countries are for the most part more concerned with their own problems. Their readiness to provide more extensive aid is limited. They are under pressure from the international institutions to relax their previous dominance in favour of the increasingly strong emerging countries. A shift in power and influence that was already noticeable before the financial crisis is deepening.https://journals.openedition.org/poldev/144Development Assistance Committee (DAC)international cooperationfinancial globalisationfinancial crisistax evasionInternational Monetary Fund (IMF) |
| spellingShingle | Bruno Gurtner The Financial and Economic Crisis and Developing Countries Revue Internationale de Politique de Développement Development Assistance Committee (DAC) international cooperation financial globalisation financial crisis tax evasion International Monetary Fund (IMF) |
| title | The Financial and Economic Crisis and Developing Countries |
| title_full | The Financial and Economic Crisis and Developing Countries |
| title_fullStr | The Financial and Economic Crisis and Developing Countries |
| title_full_unstemmed | The Financial and Economic Crisis and Developing Countries |
| title_short | The Financial and Economic Crisis and Developing Countries |
| title_sort | financial and economic crisis and developing countries |
| topic | Development Assistance Committee (DAC) international cooperation financial globalisation financial crisis tax evasion International Monetary Fund (IMF) |
| url | https://journals.openedition.org/poldev/144 |
| work_keys_str_mv | AT brunogurtner thefinancialandeconomiccrisisanddevelopingcountries AT brunogurtner financialandeconomiccrisisanddevelopingcountries |