Hardly anyone is discussing the impact of the Wall Sts meltdown on the developing countries. Here is one view from the WB’S PSD blog. I think the hurricane in the Wall Sts is going to affect the rising economies more than the developing countries, which have immature financial market and are very loosely, if any, connected to the outside markets. I guess a sizable part of Sub-Saharan South and Africa Asia would not be affected. East Asian countries, China, India, and other emerging nations might feel some pinch though.
1. The finish of export-led growth: Just last week, Dani Rodrik wrote an article recommending that the export-led development that was typical of many Southeast Asian countries will no longer be nearly as viable for the developing world. The collapse of Lehman, the crisis sale of Merrill Lynch, and the troubles of AIG will only exacerbate this slowdown.
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- The Careers Centre has put together a summary of a few of the Insight Programmes available in the UK
- Use a sidebar
- Fast closing
- Marginal costs (11)
- An asynchronous, BFT consensus algorithm
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- 6 The methodology for processing the TDSR will be standardised. FIs will be needed to
I suspect Rodrik will look prescient on this one. 2. Financial sector rules: Stock markets in many rising markets have become increasingly democratized, as the middle course has seen better access to equities as a vehicle for investment. However, these marketplaces don’t yet … Read the rest