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The Impact of the Global Economic Recession on Low-Income Countries

Title: The Impact of the Global Economic Recession on Low-Income Countries

Research Paper (undergraduate) , 2010 , 30 Pages , Grade: Grade1

Autor:in: Dr. Francis Mulenga Muma (Author)

Economics - International Economic Relations
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Summary Excerpt Details

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.

Excerpt


Table of Contents

  • ABSTRACT
  • 1.0 Introduction
  • 2.0 The Genesis of the Current 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
    • 3.3 Limited scope for counter-cyclical spending
    • 3.4 Incremental spending accounts for relatively little of the deficit increase in LICs
  • 4.0 Policy choices confronting the Global Economy
    • 4.1 Developing countries
  • 5.0 Observations
  • 6.0 Conclusion
  • References

Objectives and Key Themes

This paper aims to provide an overview of the global economic recession and its impact on Low-Income Countries (LICs). It examines the origins of the financial crisis in the United States, explores how the crisis affected LICs through various channels, and discusses policy choices confronting both developing and developed countries.

  • The origins and spread of the global financial crisis
  • The impact of the crisis on Low-Income Countries
  • Policy responses to the crisis in both developed and developing countries
  • The need for diversified economies in LICs
  • The role of international financial institutions in supporting LICs

Chapter Summaries

The paper begins with an introduction that provides context for the topic of the global economic recession and its impact on LICs. Chapter 2 delves into the genesis of the current financial crisis, highlighting the role of securitization in the US mortgage market and the impact of credit default swaps on financial stability.

Chapter 3 examines how the global crisis has affected LICs, exploring various channels of impact such as commodity prices, trade, and capital markets. The chapter also discusses resource implications and policy responses for LICs, including the limitations of counter-cyclical spending.

Chapter 4 explores policy choices confronting the global economy, focusing on the need for coordinated stimuli packages and the importance of developing countries having more policy space and less conditionality attached to international lending.

Keywords

The main keywords and focus topics of this paper include: global economic recession, financial crisis, Low-Income Countries (LICs), securitization, credit default swaps, commodity prices, trade, capital markets, policy responses, stimuli packages, international financial institutions, and development.

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Details

Title
The Impact of the Global Economic Recession on Low-Income Countries
College
Xiamen University  (School of Economics)
Course
International Economics
Grade
Grade1
Author
Dr. Francis Mulenga Muma (Author)
Publication Year
2010
Pages
30
Catalog Number
V198159
ISBN (eBook)
9783656249573
ISBN (Book)
9783656252979
Language
English
Tags
impact global economic recession low-income countries
Product Safety
GRIN Publishing GmbH
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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Excerpt from  30  pages
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