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The financial crisis as viewed from the South

M. Henley / Panos Pictures

The impact of the global financial crisis on developing countries has received little attention so far. Here academics and thinkers from 14 countries speak up on the likely impacts of the crisis for them, and explore possible policy responses.

Previous feature: Global financial crisis low impact on African growth?

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Views on the current financial crisis from the global South: ( Institute of Development Studies, Sussex, UK , 2008); The global financial crisis is already beginning to have an impact on the ‘real economy’ in poorer countries around the world. However, the debate in the west about the impact of...
Comparing familial and public sector transfers: ( T. Miller;C. Martinez;P. Saad;M. Holz / , 2008); The possible economic benefits of the demographic dividend and the possible detrimental aspects of population ageing both originate in the economic life cycle a pattern of economic activity that...
What the financial crisis means for developing countries: ( D. W. te Velde / Overseas Development Institute, London , 2008); Many developing countries are still growing strongly despite the current global financial downturn, but forecasts are worsening. This background note from ODI questions how long this growth can persis...
Increasing poor people's bankability through cash transfer schemes: ( A. Carpio;N. Riemenschneider / Oxford Policy Management , 2008); Experiences from around show that building poor people’s capacities to accumulate assets for the long term is central to poverty reduction. In this process, household savings play a part...
Can identifying the key determinants of inflation in Nigeria achieve sustainable economic growth?: ( O.E. Olubusoye;R. Oyaromade / African Economic Research Consortium , 2008); This paper analyses the main sources of fluctuations in inflation, and builds an econometric model that explains the inflation process in Nigeria. In doing so, the paper addresses the following questi...
Can appropriate community based funding mechanisms respond to the needs of the poor?: ( R. Parhanse;K. Reynolds / Khanya-aicd , 2008); This paper identifies good practices in funding of communities in ways, which respond to the needs of poor people. The papers cites examples from Africa such as ZamSIF, LSP, and other CDD programmes. ...
Linking violence and fiscal decentralisation in Indonesia: ( S.M. Murshed;M.Z. Tadjoeddin / Microcon , 2008); It is now widely accepted that the evolution from autocracy towards lasting democracy in developing countries can be associated with increased violence, and even the risk of civil war. This paper e...
Growth in Africa in light of the global financial crisis: ( The Economist , 2008); Growth rates and poverty trends have been steadily improving in Africa since the 1990’s. Many countries have been helped by better macro-economic management and big inflows of Western aid, inves...
Does China’s presence in Africa benefit the continent?: ( H. Besada;Y. Wang;J. Whalley / Centre for International Governance Innovation , 2008); This policy brief documents the size and rate of change of China’s growing presence, focusing primarily on trade and finance. It also discusses the rate of change and looks at projections of its...
Is people's perception an important factor in tax compliance?: ( O.H. Fjeldstad;E Ngalewa;L Katera / Research on Poverty Alleviation, Tanzania , 2008); This paper examines citizens’ perceptions of local taxation system in six councils in Tanzania. It investigates why residents do or do not pay local taxes, and their perceptions of misuse of tax...