The Impact of the Global Financial Crisis on Sub-Saharan Africa: An Agenda for Growth
The recent global economic and financial crisis, originating in North America, has embroiled all continents, creating adverse and complex socio-economic conditions that persist. The negative repercussions of the crisis have shown the need for strategies of risk minimization. In this chapter, we show how small open economies and developing countries have especially emerged as victims of the crisis, suffering adverse economic conditions as a consequence of limited preparedness for economic shocks in the form of sufficient reserves and strong economic fundamentals.
KeywordsGross Domestic Product Current Account Money Supply Arab Country Export Growth
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