IMPACT OF FINANCIAL CRISIS ON DEVELOPING COUNTRIES
Journal Title: Revista Tinerilor Economisti - Year 2009, Vol 1, Issue 13
Abstract
This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial system.
Authors and Affiliations
Luminita Horhota, Matei Cristina Nicoleta
Keywords
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