Institute of Development Studies

Southern Voices on the Impact of the Financial Crisis

Joanna Glyde - 14 November 2008

The G20 countries gather for a special summit on the global financial crisis on 15 November 2008, but will the outcome help the world's least developed countries or will it do more damage? It is vital that the situation in the poorest countries is understood and their voices listened to. IDS invited 21 thinkers, academics and policymakers from 14 developing countries to present ‘snapshots’ looking at how the financial crisis is affecting their countries and how it is being discussed and characterised by policymakers, academics and in the media.

'The debate in rich countries about the impact of the global financial crisis has largely ignored its impact on developing countries. But the instability in financial markets around the world is already spilling over to the ‘real economy’ in poorer countries around the world. It is vital that policymakers from both North and South understand how this crisis may impact developing countries and the implications for development policy.' Neil McCulloch, IDS Research Fellow.

Voices_from_the_South_Full Report (pdf, 1208 KB)

Overview

• Voices from the South - Summary (pdf)
• Analysis One: Policy Options by Neil McCulloch (pdf)
• Analysis Two: Impact of the Crisis by Neil McCulloch (pdf)

Southern Voices on the Financial Crisis

• Africa by Olu Ajakaiye, Felix N’Zue and Damiano Manda Kulundu (pdf)
• Bangladesh by Shib Narayan Kairy (pdf)
• Brazil I by Otaviano Canuto (pdf)
• Brazil II by Ruy Quadros (pdf)
• China I by Du Yang (pdf)
• China II by Mingtai Fan (pdf)
• China III by Lan Xue (pdf)
• Ethiopia by Amdissa Teshome (pdf)
• Ghanaby Ernest Aryeetey and Charles Ackah (pdf)
• India I by Benny Kuruvilla (pdf)
• India II by Sunanda Sen (pdf)
• Kenya I by Betty Kibaara (pdf)
• Kenya II by Dorothy McCormick (pdf)
• Nigeria by Simon Kolawole (pdf)
• Pakistan by Tehzeeb Zulfiqar (pdf)
• Philippines by Maria Socorro Gochoco-Bautista (pdf)
• South Africa I by Don Ross (pdf)
• South Africa II by Nicola Viegi (pdf)
• Sri Lanka by Keiju Mitsuhashi (pdf)
• Thailand by Jacques-chai Chomthongdi (pdf)
• Vietnam by Vo Tri Thanh (pdf)

Joanna Glyde is Communication Officer at the Institute of Development Studies

Image: Philippe Lissac/ Panos