The Global Economic Crisis after One Year: Is a New Paradigm for Recovery in Developing Countries Emerging?
Published By: UNU-WIDER on eSS | Published Date: November, 02 , 2009The economic downturn and recession, which spread across the globe following the US sub-prime mortgage crisis in September 2008, has become the dominant news topic of the past year. One year into the crisis it has become clear that the paradigm for international development has changed irrevocably. With leadership, moral authority and the capacity of the West diminishing, developing countries’ recovery and future growth will critically depend on their own initiatives and solutions. URL: [http://www.wider.unu.edu/publications/policy-briefs/en_GB/unupb2-2009/]
Author(s): Wim Naudé | Posted on: Feb 09, 2011 | Views(900) | Download (164)