Download or read book Global Economic Crisis written by Alexis Arieff and published by DIANE Publishing. This book was released on 2010-08 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa has been strongly affected by the global recession, despite initial optimism that the global financial system would have few spillover effects on the continent. Contents of this report: (1) Recent Develop.; (2) Congressional Interest; (3) African Economies; Trends Prior to the Crisis; Develop. Challenges; (4) How the Crisis is Affecting Africa: Internat. Trade: Trade with the U.S., and with China; Capital Flows: Migrant Remittances; Foreign Aid; (5) Implications of the Crisis in Africa; Sub-Regional Variations; Fiscal and Trade Balances; Poverty Reduction; Food Security; Political Stability; (6) Internat. Efforts to Address the Impact of the Crisis on Africa; Developed Countries; Internat. Financial Inst.; World Bank; ADB; IMF; African Gov¿ts.
Download or read book Policy responses to the global economic crisis in Africa written by Augustin Kwasi Fosu and published by . This book was released on 2009 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Economic Crisis Impact on Sub Saharan Africa and Global Policy Responses written by and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa has been strongly affected by the global recession, despite initial optimism that the global financial system would have few spillover effects on the continent. The International Monetary Fund (IMF) estimated in 2009 that average economic growth in Africa would slow to 1%, from an annual average of over 6% to 1% over the previous five years, before rebounding to 4% in 2010. As a region, Africa is not thought to have undergone a recession in 2009. However, most African countries are thought to require high rates of economic growth in order to outpace population growth and make progress in alleviating poverty. The mechanisms through which the crisis has affected Africa include a contraction in global trade and a related collapse in primary commodity exports, on which many countries are dependent. Foreign investment and migrant worker remittances are also expected to decrease significantly, and some analysts predict cuts in foreign aid in the medium term if the crisis persists. Africa's most powerful economies have proven particularly vulnerable to the downturn: South Africa has experienced a recession for the first time in nearly two decades, and Nigeria and Angola have reported revenue shortfalls due to the fall in global oil prices. Several countries seen as having solid macroeconomic governance, notably Botswana, have sought international financial assistance to cope with the impact of the crisis. At the same time, a number of low-income African countries are projected to experience relatively robust growth in 2009 and 2010, leading some economists to talk of Africa's underlying economic resilience. The 111th Congress has monitored the impact of the global economic crisis worldwide. The Supplemental Appropriations Act, 2009 (P.L. 111-32), provided $255.6 million for assistance to vulnerable populations in developing countries affected by the crisis.
Download or read book Global Financial Crisis written by Paolo Savona and published by Routledge. This book was released on 2016-04-22 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Out of the debate over the effectiveness of the policy responses to the 2008 global financial crisis as well as over the innovativeness of global governance comes this collection by leading academics and practitioners who explore the dynamics of economic crisis and impact. Edited by Paolo Savona, John J. Kirton, and Chiara Oldani Global Financial Crisis: Global Impact and Solutions examines the nature of the recent crisis, its consequences in major regions and countries, the innovations in the ideas, instruments and institutions that constitute national and regional policy responses, building on the G8's response at its L'Aquila Summit. Experts from Africa, North America, Asia and Europe examine the implications of those responses for international cooperation, coordination and institutional change in global economic governance, and identify ways to reform and even replace the architecture created in the mid 20th century in order to meet the global challenges of the 21st.
Download or read book Economic Crisis in Africa written by Magnus Blomström and published by Routledge. This book was released on 2002-01-22 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the pitiful images of famine victims generally emanate from the very poorest countries in Sub-Saharan Africa, the entire region faces an intense economic crisis. Why is this area in a state of near-permanent crisis and perhaps more importantly, what can be done about it? In Economic Crisis in Africa the authors use country studies to examine how this situation has come about. The book is divided into four parts: Part I presents an overall perspective of the African Crisis and its management; Part II addresses the problems of the external sector; Part III discusses the crises and structural adjustment from a microperspective; and finally, Part IV examines changes in economic systems which took place during the 1980s. At a time when famine again threatens the area, this work offers a valuable insight into a highly complex and critical situation.
Download or read book Global Financial Crisis written by Chiara Oldani and published by Ashgate Publishing, Ltd.. This book was released on 2013-03-28 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Out of the debate over the effectiveness of the policy responses to the 2008 global financial crisis as well as over the innovativeness of global governance comes this collection by leading academics and practitioners who explore the dynamics of economic crisis and impact. Edited by Paolo Savona, John J. Kirton, and Chiara Oldani Global Financial Crisis: Global Impact and Solutions examines the nature of the recent crisis, its consequences in major regions and countries, the innovations in the ideas, instruments and institutions that constitute national and regional policy responses, building on the G8's response at its L'Aquila Summit. Experts from Africa, North America, Asia and Europe examine the implications of those responses for international cooperation, coordination and institutional change in global economic governance, and identify ways to reform and even replace the architecture created in the mid 20th century in order to meet the global challenges of the 21st.
Download or read book The Global Financial and Economic Crisis in the South written by Leon-Manriquez, Jose Luis and published by CODESRIA. This book was released on 2017-05-03 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the outcome of a South-South conference jointly organized by the Asian Political and International Studies Association (APISA), the Latin American Council of Social Sciences (CLACSO) and the Council for the Development of Social Science Research in Africa (CODESRIA) in Dakar, Senegal, May 2012. The conference was organised in response to the financial crisis of 2008 which started in the United States and Europe, with reverberating effects on a global scale. Economic problems emanating from such crises usually leave major social and structural impacts on important sectors of the society internationally. They affect living standards and constrain the well-being of people, especially in poor countries. Persistent problems include high unemployment, increased debt and low growth in developed countries, as well as greater difficulties in accessing finance for investment in the developing world. There is a need for countries in the South to examine the available options for appropriate national and regional responses to the different problems emanating from the economic crisis. This book attempts to provide ideas on some strategic responses to the disastrous impact of the crisis, while keeping in mind the global common interest of the South. It is hoped that the book will contribute significantly towards the agenda to rethink development and the quest for alternative paradigms for a just, stable and equitable global political, economic and social system. A system in which Africa, Asia, and Latin America are emancipated from the shackles of hegemonic and anachronistic neoliberal dictates that have nothing more to offer than crises, vulnerabilities and dependency.
Download or read book Simulating the Impact of the Global Economic Crisis and Policy written by John Cockburn and published by . This book was released on 2010 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Africa s Counter Cyclical Policy Responses to the Crisis written by Louis Kasekende and published by . This book was released on 2013 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the severe global recession seems to be bottoming out and the global economic outlook is turning cautiously optimistic, the negative impact of the crisis on many African countries continues to deepen. The crisis has hit Africa with a lag, interrupting at best, and ending at worst, the impressive growth record of the last ten years. The crisis has also already started to erode the hard-won improvements in macroeconomic positions. Well-targeted and globally coordinated policy interventions are needed to reinvigorate the continent's growth, boost income and employment, and avert a development crisis.
Download or read book Africa s Pulse No 21 Spring 2020 written by Cesar Calderon and published by World Bank Publications. This book was released on 2020-04-07 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has taken a toll on human life and brought major disruption to economic activity across the world. Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks. Economic growth in Sub-Saharan Africa is projected to decline from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region in 25 years. The coronavirus is hitting the region’s three largest economies —Nigeria, South Africa, and Angola— in a context of persistently weak growth and investment. In particular, countries that depend on oil and mining exports would be hit the hardest. The negative impact of the COVID-19 crisis on household welfare would be equally dramatic. African policymakers need to develop a two-pronged strategy of “saving lives and protecting livelihoods.†? This strategy includes relief measures and recovery measures aimed at strengthening health systems, providing income support to workers and liquidity support to viable businesses. However, financing of these policies will be challenging amid deteriorating fiscal positions and heightened public debt vulnerabilities. Therefore, African countries will require financial assistance from their development partners -including COVID-19 related multilateral assistance and a debt service stand still with creditors.
Download or read book Fiscal Policy in Sub Saharan Africa in Response to the Impact of the Global Crisis written by Norbert Funke and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-05-14 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Crises written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2014-02-19 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.
Download or read book Simulating the Impact of the Global Economic Crisis and Policy Responses on Children in West and Central Africa written by John Cockburn and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global financial and economic crisis, which exacerbates the impacts of the energy and food crises that immediately preceded it, has spread to the developing countries endangering recent gains in terms of economic growth and poverty reduction. The effects of the crisis are likely to vary substantially between countries and between individuals within the same country. Children are among the most vulnerable population, particularly in a period of crisis. Especially in least developed countries, where social safety nets programs are missing or poorly performing and public fiscal space is extremely limited, households with few economic opportunities are at a higher risk of falling into (monetary) poverty, suffering from hunger, removing children from school and into work, and losing access to health services. This study simulates the impacts of the global economic crisis and alternative policy responses on different dimensions of child welfare in Western and Central Africa (WCA) over the period 2009-2011. It is based on country studies for Burkina Faso, Cameroon, and Ghana, which broadly represent the diversity of economic conditions in WCA countries. In order to capture the complex macro-economic effects of the crisis and the various policy responses - on trade, investment, remittances, aid flows, goods and factor markets - and to then trace their consequences in terms of child welfare - monetary poverty, hunger (caloric poverty), school participation, child labour, and access to health services - a combination of macro - and micro-analysis was adopted. The simulations suggest that the strongest effects are registered in terms of monetary poverty and hunger, although large differences between countries emerge. More moderate impacts are predicted in terms of school participation, child labour, and access to health care, although these are still significant and require urgent policy responses. Specifically, Ghana is the country where children are predicted to suffer the most in terms of monetary poverty and hunger, while Burkina Faso is where the largest deterioration's in schooling, child labour and access to health services are simulated. Among the policy responses examined to counteract the negative effects of the crisis on child well-being, a targeted cash transfer to predicted poor children is by far the most effective program. A comparison between a universal and targeted approach is also presented.
Download or read book Africa in the Global Economy written by Gorden Moyo and published by Springer Nature. This book was released on with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Globalization and the Southern African Economies written by Mats Lundahl and published by Nordic Africa Institute. This book was released on 2004 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the place of Southern Africa in the globalized economy. Identifies the overall economic trends in the African continent and the responses, required and actual, to the impact of an increasingly interdependent world economy.
Download or read book PART III THE GLOBAL CRISIS IN AFRICA written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effectiveness of the policies, however, is questionable as it led to huge national debt that threw the Eurozone in crisis, kept the US on the verge of a fiscal cliff, while African countries (despite policy measures taken to cushion the impact of the crisis), The Global Financial and Economic Crisis in the South100 have continued to deal with asset management issues in the banking sector, issu. [...] The AU and ECA (2009) in their report noted that the global financial and economic crisis exposed the weaknesses in the functioning of the global economy and had led to calls for reforming the international financial architecture. [...] They argued that the transmission channels of the financial crisis to the Nigerian economy were through capital flows, trade and financial markets' channels, while fiscal and monetary policy were deduced to have the potential of cushioning the impact of the crisis on the Nigerian economy. [...] Hence, the TUN would correct itself quickly restricting the impact of the shock on the short run only since the long-run relationship between the TUN and the US/UK stock market is not significant. [...] Similarly, the deduction from this is that though the integration with the global North might have contributed to the negative spread of the global financial crisis to some countries in the global South (e.g.
Download or read book Sub Saharan Africa written by Ms.Catherine A. Pattillo and published by International Monetary Fund. This book was released on 2006-08-28 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sectors in low-income sub-Saharan Africa (SSA) are among the world's least developed. In fact, assets in most low-income African countries are smaller than those held by a single medium-sized bank in an industrial country. The absence of deep, efficient financial markets seriously challenges policy making, hinders poverty alleviation, and constrains growth. This book argues that building efficient and sound financial sectors in SSA countries will improve Africa's economic prospects. Based on a review of the key features of financial systems, it discusses the main obstacles and challenges that financial structures pose for SSA economies and recommends steps that could address major shortcomings in implementing the reform agenda.
