Abstract
This chapter reports economic activities after 2010, a timeline regarded as the aftermath of the 2008 global financial crisis, which was formally announced at the end of 2009 (Kehoe 2010; OECD 2010). Although some European countries were still in sovereign debt trouble after 2010 (Greece requested another bailout in early 2012 and Spain asked for external financial assistance in June 2012), we use 2010 as a cutoff point in order to be consistent with the reports of other country clusters in this booklet series. From the statistics introduced in Chap. 3, situations in the six BRICKS countries in 2010 show clear rebounds under the support of each individual economy’s stimulus efforts and the gradual revival of global demands.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Adam S (2010) China to exceed U.S. by 2020, Standard Chartered says, Bloomberg
Aris B (2011) Russia 2011–2014. Johnson’s Russia List. Retrieved from http://www.cdi.org/russia/johnson/russia-economy-forecast-feb-447.cfm
Bajpai N (2010a) Global financial crisis, its impact on India and the policy response. Retrieved from http://pdffinder.net/Global-Financial-Crisis,-its-Impact-on-India-and-the-Policy-Response.html
Baxter R (2012) The global economic crisis and its impact on South Africa and the country’s mining industry. South African Reserve Bank. Retrieved from http://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/51/Roger+Baxter.pdf in May 2012
Bogetic Z (2010). Russia: reform after the great recession, International economic Bulletin. Carnegie Endowment for International Peace. Retrieved from http://carnegieendowment.org/2010/03/30/russia%2Dreform%2Dafter%2Dgreat%2Drecession/3g1v
Bradsher K (2011) China, driver of world economy, may be slowing. The New York Times. Retrieved from http://www.nytimes.com/2011/09/24/business/global/chinas-economic-engine-shows-signs-of-slowing.html?pagewanted=all
Changmock S (2010). Recent economic trend in Korea. SERI Quarterly. Retrieved from http://periodicals.faqs.org/201010/2165371651.html
Dlamini T (2010) South Africa country report. In: Bertelsmann Stiftung (ed) Managing the crisis. A comparative assessment of economic governance in 14 economies. Bertelsmann Stiftung, Gütersloh, 2010. Retrieved from http://www.bertelsmann-transformation-index.de/pdf/South_Africa.pdf
Draper P, Freytag A, Voll S (2009) Global financial crisis, protectionism and current account deficit: South Africa on the brink? Working paper No. 8 Global Financial Markets, University Jena and University Halle. Retrieved from http://pubdb.wiwi.uni-jena.de/pdf/wp_hlj08-2009.pdf
Eghbal M (2008) BRIC economies withstand global financial crisis. Retrieved from http://blog.euromonitor.com/2008/11/bric-economies-withstand-global-financial-crisis.html
Fleet JD (2010) Can China manage its economy? The Diplomat. Retrieved from http://the-diplomat.com/2010/01/21/can-china-manage-its-economy/
Global Finance (2012) Data on GDP and economic information: South Africa. Retrieved from http://www.gfmag.com/gdp-data-country-reports/176-south-africa-gdp-country-report.html#axzz1urt0NIn8 in July 2012
Gurria A (2010) Economic survey of South Africa 2010. OECD. Retrieved from http://www.oecd.org/document/21/0,3746,en_2649_34571_45637781_1_1_1_1,00.html
Herd R, Conway P, Hill S, Koen V, Chalaux T (2011a) Can India achieve double-digit growth? OECD Economics Department Working Papers, No. 883
IMF (2011) China economic outlook. Retrieved from http://www.imf.org/external/country/CHN/rr/2011/092611.pdf
Kehoe T (2010) The current financial crisis in Spain: what should we learn from the great depressions of the twentieth century? University of Minnesota and Federal Reserve Bank of Minneapolis, 18th Barcelona Lecture, Barcelona G.S.E. and Banc Sabadell, February 2010
Kim JY (2010c) 2011: year of economic challenges. Korea Times. Retrieved from http://www.koreatimes.co.kr/www/news/biz/2010/12/123_78986.html
Lopez L, Cascione S (2011) Brazil economy surges in 2010: growth seen cooling. Reuters. Retrieved from http://www.reuters.com/article/2011/03/03/us-brazil-economy-idUSTRE7222QZ20110303
Mail and Guardian (2012) Business confidence on a steady decline. Retrieved from http://mg.co.za/article/2012-05-03-business-confidence-on-a-steady-decline
Michener G (2011) Brazil’s economic outlook a mixed bag. Latin America Monitor. Retrieved from http://www.csmonitor.com/World/Americas/Latin-America-Monitor/2011/0728/Brazil-s-economic-outlook-a-mixed-bag
OECD (2008) Economic survey of Korea 2008: priorities for macroeconomic policy. Retrieved from http://www.oecd.org/document/39/0,3746,en_2649_34577_41832743_1_1_1_1,00.html
OECD (2010) Economic survey of Korea 2010. Retrieved from http://www.oecd.org/document/24/0,3746,en_2649_34569_45393816_1_1_1_1,00.html
OECD (2011a) Brazil – economic forecast summary (November 2011). Retrieved from http://www.oecd.org/document/21/0,3746,en_33873108_36016449_45274709_1_1_1_1,00.html
OECD (2011b) OECD economic outlook No. 89 May 2011, OECD. Retrieved from http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-outlook-volume-2011-issue-1-preliminary-version_eco_outlook-v2011-1-en
Pascha W (2010) South Korea country report. In: Bertelsmann Stiftung (ed) Managing the crisis. A comparative assessment of economic governance in 14 economies. Bertelsmann Stiftung, Gütersloh
Pradhan M (2012) 2012: split down the middle. Morgan Stanley. Retrieved from http://www.morganstanley.com/views/gef/
SERI (2011) Economic outlook for 2012, Samsung Economic Research Institute. retrieved from http://www.seriworld.org/10/wldSeasonRptL.html?sort=C§no=1&cont_type=C
Smit W (2011) Are you a Tata or a Birla? A study on India’s best brands for the world. Retrieved from http://www.imd.org/research/challenges/TC051-11.cfm/?MRK_CMPG_SOURCE=webletter-sep-11&wt.mc_id=webletter-sep-11&utm_source=DM&utm_medium=em&utm_campaign=webletter-sep-11obr
Tharoor S (2010) How India survived the financial crisis. Retrieved from http://www.project-syndicate.org/commentary/tharoor23/English
Thessaloniki (2011) Russia: country strategy 2011–2014. Black Sea Trade and Development Bank. Retrieved from http://www.bstdb.org/about-us/key-documents/Country_Strategy_2011-2014_Russia.pdf
United Nations (2009) Global financial crisis and monetary policy response: experience of India. United Nations economic and social commission for Asia and the Pacific, Regional High-Level Workshop on “Strengthening the response to the global financial crisis in Asia-Pacific”, 27–30 July 2009
Yoon DR (2011) The Korean economic adjustment to the world financial crisis. Asian Econ Papers 10(1):106–127. Retrieved from http://www.mitpressjournals.org/doi/pdf/10.1162/ASEP_a_00058
Young A (2011) Russian economy 2011. Retrieved from http://siberianlight.net/russian-economy-2011/
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2013 The Author(s)
About this chapter
Cite this chapter
Lin, C.YY., Edvinsson, L., Chen, J., Beding, T. (2013). Beyond the 2008 Global Financial Crisis. In: National Intellectual Capital and the Financial Crisis in Brazil, Russia, India, China, Korea, and South Africa. SpringerBriefs in Economics, vol 18. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-6089-3_4
Download citation
DOI: https://doi.org/10.1007/978-1-4614-6089-3_4
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-6088-6
Online ISBN: 978-1-4614-6089-3
eBook Packages: Business and EconomicsEconomics and Finance (R0)