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A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

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The Global Economic Crisis after One Year: Is a New Paradigm for Recovery in Developing Countries Emerging?

One year into the global economic crisis, it has become clear that the paradigm for international development has changed irrevocably. With leadership, moral authority and the capacity of the West in international development diminishing, developing countries’ recovery and future growth will critically hinge on their own initiatives, solutions and leadership. This policy brief summarizes the global responses to the crisis over the past year, points to their shortcomings and argues that a new paradigm for recovery in developing countries is emerging
Publisher:
United Nations University
Series:
UNU Policy Brief
Volume:
02/2009
Title:
The Global Economic Crisis after One Year: Is a New Paradigm for Recovery in Developing Countries Emerging?
Authors:
Wim Naudé
Publication date:
September 2009
ISSN Web:
1814-8026
ISBN 13 Print:
9789280830699
Copyright holder:
© United Nations University
Copyright year:
2009
JEL:
L91, N77, R49, R32
Format:
online and printed copies
 
Licensed under the Creative Commons Deed "Attribution-NonCommercial-NoDerivs 2.5"