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China and Financial Crisis: Implications for Low-income Economies
27 May 2009
In recent years Chinese investment, demand for resources and development assistance has contributed to growth in a number of low-income economies. How will China’s management of the financial crisis affect these countries? In March 2009 IDS and the Brookings-Tsinghua Centre, Beijing co-organised a workshop in China to explore these issues, funded by the UK Department for International Development (DFID).
China’s growing influence in international governance institutions and in the provision of global public goods – from poverty reduction and trade regulation to security and climate change – means that it must play a key part in any ‘solution’ to the global financial crisis or new institutional arrangements. The workshop explored China’s current relations with low-income countries; early impacts of and responses to the financial crisis around the world; the specific context of China and Africa; and what we can learn from all of this.
Donors and development organisations need to understand the likely impacts on these economies in order to assess the implications for poverty reduction and achieving the Millennium Development Goals.
A full report of the workshop is available on the Brookings Institute website (pdf, 2.09 MB).
Image: Professor Lan Xue, Dean and Professor at the School of Public Policy and Management, Tsinghua University and Sarah Cook, Research Fellow at the Institute of Development Studies
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Related Publications
- Cook, S. and Lam, W. (2009) 'The Financial Crisis and China: What are the Implications for Low Income Countries?' , Brighton: IDS
- Cook, S. and Gu, J. (2009) 'China and the Global Financial Crisis: Implications for Low-income Countries', IDS In Focus Policy Briefings 7.6, Brighton: IDS
