Premium
INTERNATIONAL CRISES AND DEVELOPING ECONOMIES: LINKAGES AND RECENT EXPERIENCES
Author(s) -
Amann Edmund,
Lawson David
Publication year - 2013
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.2969
Subject(s) - economics , developing country , context (archaeology) , perspective (graphical) , capital flows , international economics , capital (architecture) , financial crisis , emerging markets , macroeconomics , development economics , economic growth , market economy , liberalization , paleontology , history , archaeology , artificial intelligence , computer science , biology
This article provides the theoretical and empirical context to the papers contained in this special issue. We provide background on the recent developed country financial crisis and perspective via a review of prior shocks and crises. The paper then considers the transmission mechanisms through which economic crises can affect economies and individuals in the developing world. The linkages centre on trade, capital flows and remittances. This section also critically surveys the literature concerning the macroeconomic and microeconomic impact of such crises on developing countries. Finally, we review the papers that comprise the special issue, before providing some policy conclusions. Copyright © 2013 John Wiley & Sons, Ltd.