Business Studies, asked by itooba80, 20 days ago

1: Scientists have come up with a way to channelize the imbalances in society which is therapeutic in nature, 2: The world economy is collapsing, Answers: Statement 1 is the cause and Statement 2 is the effect, Statement 2 is the cause and Statement 1 is the effect, Both statements are effects of independent causes, Both statements are causing independent effects, Both are effects of some common cause.​

Answers

Answered by jasvir8127
0

Developing countries were hit hard by the financial and economic crisis, although the impact was somewhat delayed. Every country had different challenges to master. The closer the developing countries are interconnected with the world economy, the crasser the effects. And the incipient recovery that is becoming noticeable is, for the time being, restricted to only a few countries and regions.

The crisis was transmitted primarily by trade and financial flows forcing millions back into poverty. Attainment of the Millennium Development Goals is seriously jeopardised in many countries. Many developing countries did not and do not have the resources to stimulate the economy and protect their socially disadvantaged populations to the same extent as the industrialised countries. However, many countries have made considerable efforts to mitigate the effects. Developing countries have also increased their cooperation with one another and are urgently demanding a greater voice in global economic affairs.

The industrialised countries are for the most part more concerned with their own problems. Their readiness to provide more extensive aid is limited. They are under pressure from the international institutions to relax their previous dominance in favour of the increasingly strong emerging countries. A shift in power and influence that was already noticeable before the financial crisis is deepening.

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INDEX TERMS

Thematic keywords: 

Development Assistance Committee (DAC), financial crisis, G-8 and G-20, financial globalisation, International Monetary Fund (IMF), international cooperation, tax evasion, Organisation for Economic Co-operation and Development (OECD), United Nations (UN), World Bank

Geographic keywords: 

Europe Western and Central, Switzerland

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OUTLINE

1. Introduction

2. Effects of the crisis on the developing and transition countries

3. Crisis transmission channels

3.1. Transmission via financial flows

3.2. Transmission via trade

4. Responses to the crisis

4.1. Developing countries’ response at national level

4.1.1. Fiscal stimulation measures

4.1.2. Money policies

4.2. Stronger South-South cooperation

4.3. International initiatives

4.3.1. The processes in the UN

From Monterrey to Doha

Stiglitz commission

The UN conference on the global crisis

4.3.2. From the G-8 to the G-20

4.3.3. International financing institution activities

IMF policies and measures

World Bank policies and measures

5. Outlook and conclusions

5.1. The debt problem

5.2. An international financial transaction tax

5.3. International tax evasion and illicit capital flows

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