This paper has attempted to analyze the Impact of the past current Global Economic Recession on Low Income Countries (LICs), by showing how it started, its impact on the real economy and how it spread to the LICs. Further the Paper has tried to highlight policy choices confronting the LICs in order to mitigate the crisis and avoid the recurrence of further crisis in future.
Table of Contents
ABSTRACT
1.0 Introduction
2.0 The Genesis of the Recent Financial Crisis
3.0 How the Global crisis had a devastating toll on Low-Income Countries
3.1 Channels of Impact
3.2 Resource Implications and Policy Responses
3.4 Incremental spending accounts for relatively little of the deficit increase in LICs
4.0 Policy choices confronting the Global Economy
5.0 Observations
6.0 Conclusion
7.0 References
- Quote paper
- Dr. Francis Mulenga Muma (Author), 2010, The Impact of the Global Economic Recession on Low-Income Countries, Munich, GRIN Verlag, https://www.grin.com/document/198159
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