Financial Crisis and Developing Countries

The Financial Crisis and Developing Countries is an invaluable discussion and analysis of the regional and country specific impacts of the financial crisis in both emerging markets and developing countries. Using heterodox and mainstream methodologies, the book develops a multidisciplinary perspective on the crisis, showing empirical impacts on the poor and vulnerable. It examines how the crisis continues to change our concepts of development, critically discusses mainstream approaches, and analyses (global) governance responses including of the G20. The contributors critically assess the measures taken to deal with the crisis, and reveal that many elements that have led to crisis (inequality, inappropriate international financial architecture, structural imbalances) have not been dealt with sufficiently, and as a result new crises will continue to emerge. Exploring a global and inter-disciplinary view, this timely book provides accessible information on the impact of the crisis that will prove relevant for students of development studies and international economics. Researchers and policymakers including in foreign and economic affairs, development cooperation, and international institutions interested in understanding the impact of the global economy will also find much to learn from this important book.