From the Globalisation Team at the
Institute of Development Studies
Voices from the South
The Impact of the Financial Crisis on Developing Countries
November
2008
The G20 countries gather for a special summit on the global financial crisis
on 15 November 2008, but will the outcome help the world's least developed
countries or will it do more damage? It is vital that the situation in the
poorest countries is understood and their voices listened to. IDS invited 21
thinkers, academics and policymakers from 14 developing countries to present
‘snapshots’ looking at how the financial crisis is affecting their countries and
how it is being discussed and characterised by policymakers, academics and in
the media.
'The debate in rich countries about the impact of the global financial crisis
has largely ignored its impact on developing countries. But the instability in
financial markets around the world is already spilling over to the ‘real
economy’ in poorer countries around the world. It is vital that policymakers
from both North and South understand how this crisis may impact developing
countries and the implications for development policy.' Neil McCulloch, IDS
Research Fellow.
IDS
Research Reveals the Impact of the Global Financial Crisis on the
Developing World: What the G20 need to know
Published: 27 Mar 2009
Study shows poor people in
developing countries are more vulnerable to financial crisis after using
up assets during the food and fuel crisis.
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