Résumé
The global financial crisis is not like a tsunami, giant wave sweeping everything in its path, but rather like a series of smaller waves with their impact accumulating over longer periods. Some developing countries will be impacted much more severely than others, but nobody will remain unaffected. The trade and investment impact will accumulate, with reduced remittances and fewer workers migrating. According to the IIF, the level of private capital likely to be invested in developing countries in 2009 will be down by 82%, relative to 2007. Two key variables in the official assistance scenario for developing countries are the flow of overseas development assistance and the availability of International Monetary Fund credits. Despite G-20 measures and fiscal stimulus across a number of major economies, there is still a lack of measures that aim to specifically assist low- and middle-income countries to deal with the trade macro shocks. ITC stands ready to assist.
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Extrait
Analysing the Global Crisis
This crisis is noi like a tsunami, a giant wave sweeping everything in its path, but rather like d series of smaller waves with their impact accumulating over longer periods.
I would expect to see three impact waves for developing countries, In the short run, the nrst wave has been the shelving or outright cancellation of planned foreign direct investment (FDI) to developing countries. Second has been a severe import contraction of the major Organisation for Economic Co-operation and Development (OECD) countries, with the mirror effect of declining exports of developing country suppliers and export prices dropping sh...Voir le contenu complet de ce document
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