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A Decade after the Global Recession: Lessons and Challenges for Emerging and Developing Economies - Softcover
Synopsis
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.
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About the Author
The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.
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DECADE SINCE THE GLOBAL RECESSION: LESSO Format: Paperback
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A Decade After the Global Recession - Lessons and Challenges for Emerging and Developing Economies (eng)
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Decade Since the Global Recession : Lessons and Challenges for Emerging and Developing Economies
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A Decade After the Global Recession
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Paperback. Condition: New. Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened.The experience of the 2008 global recession highlights once again the critical role of policy in shielding economic activity during adverse shocks, and the subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs now is to improve their resilience to shocks and lift long-term growth prospects. Seller Inventory # LU-9781464815270
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A Decade After the Global Recession (Paperback)
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World Bank Publications, Washington, 2021
ISBN 10: 1464815275
ISBN 13: 9781464815270
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Paperback. Condition: new. Paperback. Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened.The experience of the 2008 global recession highlights once again the critical role of policy in shielding economic activity during adverse shocks, and the subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs now is to improve their resilience to shocks and lift long-term growth prospects. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs is now to improve their economies' resilience to shocks and lift long-term growth prospects. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781464815270
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A Decade After the Global Recession
Published by
World Bank Publications, US, 2021
ISBN 10: 1464815275
ISBN 13: 9781464815270
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Paperback
Seller: Rarewaves USA, OSWEGO, IL, U.S.A.
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Paperback. Condition: New. Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened.The experience of the 2008 global recession highlights once again the critical role of policy in shielding economic activity during adverse shocks, and the subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs now is to improve their resilience to shocks and lift long-term growth prospects. Seller Inventory # LU-9781464815270
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Decade Since the Global Recession : Lessons and Challenges for Emerging and Developing Economies
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A Decade Since the Global Recession
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