SouthViews No. 110, 4 August 2014
Effects of crisis & recovery on South countries
By Kinda Mohammadieh
Below is a report of the presentation of economics professor Dr. Deepak Nayyar at the South Centre Conference in Geneva. He addresses the situation of developing countries in the aftermath of the financial crisis, while focusing on their real economy variables.
Dr. Deepak Nayyar, emeritus professor of economics at Jawaharlal Nehru University and member of the South Centre’s board, addressed the situation of developing countries in the aftermath of the financial crisis, while focusing on their real economy variables. He noted that developing countries on the whole have fared better than industrialized and transition economies in the aftermath of the crisis. Yet, some high-income emerging economies that depend on exports to the United States and the European Union were hard hit, Nayyar noted. In contrast some large developing countries did not fare badly. For example, the growth performance of Sub-Saharan Africa and some least developed countries has been robust.
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This article was tagged: Developing Countries, Financial Crisis, Global Economy