Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis

Lessons From theglobal Financial Crisis

Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis
This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined sharply because LICs were unusually synchronized. READ MORE...

Publication date: February 2011
ISBN 9781455216741
$18.00

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