The Great Recession and Developing Countries: Economic Impact and Growth Prospects (Part 1 of 2)

Brazil: Resilience in the Face of the Global Crisis

World Bank. 2001. “Brazil: Proposed First Programmatic Financial Sector Adjustment Loan.” Program Document, Report P7448-BR, World Bank, Washington, DC. ——— . 2002. “Brazil: Proposed Second Programmatic Financial Sector Adjustment Loan.” Program Document. Report P24067-BR. World Bank, Washington, DC. ——— . 2003. “Brazil: Stability for Growth and Poverty Reduction.” Economic and Sector Work Report 25278-BR. World Bank, Washington, DC. ———. 2007. “Brazil: Improving Fiscal Conditions for Growth.” Economic and Sector Work Report 35595–BR. World Bank, Washington, DC. ———. 2009. “Brazil: Topics in Fiscal Federalism.” Economic and Sector Work Report, World Bank, Washington, DC.

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The Great Recession and Developing Countries: Economic Impact and Growth Prospects (Part 1 of 2)

Published on Nov 30, 2010

World Bank Publications

About

The 2008-09 financial crisis, which originated in the United States and rapidly spread to the rest of world, resulting in the most severe and intense Great Recession since World War II, has posed new challenges for international policy coordination and the management of national economies. Questions are being raised about globalization, which has been a powerful engine of economic growth over the past three decades but exposes countries to more volatility and increases risk. What policies and reforms increase the resilience of developing economies to such external shocks? Which institutional arrangements and policy frameworks would allow them to respond most quickly and effectively? What role is there for international policy coordination and for emerging economies?

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