Emerging Markets and the Global Recession
This paper was prepared as part of a series on the economic and employment impacts on SA of the 2008 global financial crisis. Hawkins discusses the historical experience of financial crises, whether local or global. He then considers the impact on emerging markets, and particularly in relation to national and corporate strategies.
read more >>The Impact of the Crisis on Semi-Industrialised Countries
Williamson considers the channels through which the global financial crisis affects the real economy. There are two basic mechanisms through which a recession can be transmitted to a country from abroad. One is through trade or some other form of current account receipts. The second is through the financial markets. Other forms of transmission are…
read more >>International Policy Response of Developing Countries to the Global Economic Crisis
“The impact of the 2008 financial crisis on emerging markets like South Africa has been quite different from its impact on developed economies, and so too have been the responses to the crisis. This paper presents an overview of the policy responses employed to counter the effects of the crisis in Brazil, Malaysia, Mexico and…
read more >>Employment Scenarios to 2014 & 2024 in the Context of a Global Meltdown
The 2007 Human Sciences Research Council employment scenarios are updated in this paper, taking into account the possible impact of the global economic crisis on employment and poverty. Altman puts forward three employment scenarios, projecting economic growth rates averaging 2.5% (L-shaped recovery), 3.3% (U-shaped recovery) and 4.5% (V-shaped recovery) between 2004 and 2014. They all…
read more >>The Implications of the Global Economic Crisis for Industrial Sectors in South Africa
Throughout 2008 it seemed that the effects of the growing global financial crisis were largely passing South Africa by. By comparison with many developed countries, its financial sector and to a large extent its economy remained strong. However, from the start of 2009, the second-round effects began to affect the economy, through substantially reduced international…
read more >>The Potential Impact of the Global Financial Crisis on South Africa
The 2008 economic and financial crisis was more global than any financial turmoil during the past 60 years. Even though most emerging markets still have relatively healthy banking systems, they felt the effect of the global credit crisis far more acutely than they would have in the past. This paper was prepared as part of…
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