Post-crisis growth in developing countries [[electronic resource] ] : a special report of the Commission On Growth And Development on the implications of the 2008 financial crisis / / Commission On Growth And Development

• Record Nr.: UNINA9910457103903321
• Pubbl/distr/stampa: Washington, D.C., : World Bank, c2010
• ISBN: 1-282-46130-3; 9786612461309; 0-8213-8166-0
• Descrizione fisica: 1 online resource (100 p.)
• Disciplina: 338.9009172/4
• Soggetti: Economic development - Developing countries; Financial crises - Developing countries; Global Financial Crisis, 2008-2009; Electronic books.; Developing countries Economic conditions 21st century
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Members of the Commission on Growth and Development; Contents; Workshop Participants; Preface; Abbreviations; PART 1 Introduction; The Purpose of This Special Report; PART 2 The Crisis; Response to the Crisis; The Post-Crisis Global Economy; PART 3 Questioning the Growth Strategies; What Failed and What Did Not Fail?; Openness; Strategies and Outcomes; PART 4 Openness and Financial Development; Global Imbalances: Protectionism and Fiscal Deficits; Deficit Spending, Sustainability, and the U.S. Dollar as a Reserve Currency; Financial Sector Development; PART 5 Resilience; Countercyclical PoliciesDistributional Issues; International Agenda; The Poorer Developing Countries; Bad Ideas: Part 2; Concluding Thoughts; Statistical Appendix; 1. The Heart Attack; 2. Underlying Condition for the Crisis; 3. The Emergency Room; 4. The Real Economy Impact; 5. The Crises of 1929 and 2008
• Sommario/riassunto: The 2008 financial crisis has raised a number of questions about the ; best strategy for achieving sustained growth and poverty reduction in developing countries, foremost among them whether the failure of the financial system also signifies the broader failure of market-oriented capitalist systems. The Growth Commission looks at this issue in its new report - Post-Crisis Growth in Developing Countries. It believes that the crisis was not a failure of market-oriented systems and that an outward-looking strategy, as suggested in the original Growth Report (published in May 2008), remains broadly