Bericht
The financial crisis and the global South: Impact and prospects
The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first in the US and then in Europe. Policy response to the crisis, the combination of fiscal restraint and ultra-easy monetary policy, has not only failed to bring about a robust recovery but has also aggravated systemic problems in the global economy, notably inequality and chronic demand gap, on the one hand, and financial fragility, on the other. It has generated strong destabilizing spillovers to the Global South. Major emerging economies that were expected a few years ago to become global locomotives have not only lost their momentum, but have also become highly vulnerable to trade and financial shocks. Policies proposed by the new administration in the US could entail a double blow to emerging and developing economies which have become highly dependent on foreign markets, capital and transnational corporations. The EU remains a global deadweight, generating deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will be able to avoid financial turmoil and growth collapse. This state of affairs raises serious policy challenges to the Global South in responding to external shocks and redesigning the pace and pattern of their integration into the global economy so as to benefit from the opportunities that a broader economic space may offer while minimizing the potential risks it may entail.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Paper ; No. 76
- Klassifikation
-
Sozialwissenschaften, Soziologie, Anthropologie
- Thema
-
Finanzkrise
Wirkungsanalyse
Wirtschaftliche Anpassung
Kapitalmobilität
Internationales Währungssystem
Finanzmarktregulierung
China
Entwicklungsländer
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Akyüz, Yılmaz
Yu, Vicente Paolo B.
- Ereignis
-
Veröffentlichung
- (wer)
-
South Centre
- (wo)
-
Geneva
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Akyüz, Yılmaz
- Yu, Vicente Paolo B.
- South Centre
Entstanden
- 2017
Ähnliche Objekte (12)
Trends, reasons and prospects of de-dollarization
Reaping the fruits of research on microorganisms: Prospects and challenges for R&D and industry in Sri Lanka
The Potential Impacts of Nano-Scale Technologies on Commodity Markets: The Implications for Commodity Dependent Developing Countries
China's debt problem and rising systemic risks: Impact of the global financial crisis and structural problems
Crisis mismanagement in the United States and Europe: Impact on developing countries and longer-term consequences
Global economic prospects: The recession may be over but where next?
Waving or drowning: Developing countries after the financial crisis
The impact of the global economic crisis on industrial development of least developed countries
Policy response to the global financial crisis: Key issues for developing countries
Analysis of the Doha negotiations and the functioning of the World Trade Organization
The comprehensive and progressive agreement for the trans-pacific partnership: Data exclusivity and access to biologics
Risks and uses of the green economy concept in the context of sustainable development, poverty and equity
Trends, reasons and prospects of de-dollarization
Reaping the fruits of research on microorganisms: Prospects and challenges for R&D and industry in Sri Lanka
The Potential Impacts of Nano-Scale Technologies on Commodity Markets: The Implications for Commodity Dependent Developing Countries
China's debt problem and rising systemic risks: Impact of the global financial crisis and structural problems
Crisis mismanagement in the United States and Europe: Impact on developing countries and longer-term consequences
Global economic prospects: The recession may be over but where next?
Waving or drowning: Developing countries after the financial crisis
The impact of the global economic crisis on industrial development of least developed countries
Policy response to the global financial crisis: Key issues for developing countries
Analysis of the Doha negotiations and the functioning of the World Trade Organization
The comprehensive and progressive agreement for the trans-pacific partnership: Data exclusivity and access to biologics
Risks and uses of the green economy concept in the context of sustainable development, poverty and equity
Trends, reasons and prospects of de-dollarization
Reaping the fruits of research on microorganisms: Prospects and challenges for R&D and industry in Sri Lanka
The Potential Impacts of Nano-Scale Technologies on Commodity Markets: The Implications for Commodity Dependent Developing Countries
China's debt problem and rising systemic risks: Impact of the global financial crisis and structural problems
Crisis mismanagement in the United States and Europe: Impact on developing countries and longer-term consequences
Global economic prospects: The recession may be over but where next?
Waving or drowning: Developing countries after the financial crisis
The impact of the global economic crisis on industrial development of least developed countries
Policy response to the global financial crisis: Key issues for developing countries
Analysis of the Doha negotiations and the functioning of the World Trade Organization
The comprehensive and progressive agreement for the trans-pacific partnership: Data exclusivity and access to biologics