The global economic crisis and developing countries: transmission channels, fiscal and policy space and the design of national responses

Iyanatul Islam

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The global economic crisis and developing countries: transmission channels, fiscal and policy space and the design of national responses

Iyanatul Islam

Employment working paper, no. 36, ILO

2009

Abstract

economic recession

fiscal policy

financial policy

labour policy

employment policy

developing countries

Focuses on the impact of the global economic crisis on developing countries and their capacity to respond to it. Argues that the creation of fiscal and policy space for developing countries on a sustainable basis needs to be a central feature of the global development agenda.

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Title: The global economic crisis and developing countries; transmission channels, fiscal and policy space and the design of national responses
Creators: Iyanatul Islam
Contributors: International Labour Organization. Employment Policy Department.
Publisher: ILO; Geneva
Date published: 2009
Series: Employment working paper; no. 36
Number of pages: ix, 51 p. :statistics
ISBN: 9789221225447; 9789221225454
ISSN: 1999-2939.
Language: English
Asset Type: working paper
Record Identifier: 995219555502676
Table of contents: Introduction -- The 2002-2007 global boom: buoyant growth, but weak labour market performance -- Vulnerability of developing economies to the global economic crisis -- Policy responses to the crisis: developed versus developing economies -- Revisiting the notions of policy and fiscal space in developing countries -- Looking beyond the crisis: from short-term management to a long-term, strategic approach -- The role of global and regional cooperation in strengthening fiscal and policy space in developing countries -- Conclusion: summary of key findings.