A Decade After the Global Recession Lessons and Challenges for Emerging and Developing Economies

Kose, M. Ayhan/ Ohnsorge, Franziska

ISBN 10: 1464815275 / ISBN 13: 9781464815270

Published by World Bank, 2020

About this Item

426 pages. 9.75x7.00x1.00 inches. In Stock.

Seller Inventory # __1464815275

Bibliographic Details

• Title: A Decade After the Global Recession Lessons and Challenges for Emerging and Developing Economies
• Publisher: World Bank
• Publication Date: 2020
• Language: English
• ISBN 10: 1464815275
• ISBN 13: 9781464815270
• Binding: Paperback
• Condition: Brand New
• Weight: 0.9 kilograms

About this title

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.

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.