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

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Index

GDP per capita, in purchasing power standards, 451, 452f10.2 GEP. See Global Economic Prospects 2010 (GEP) Gill, Indermit, 541–44 global competitiveness index, 411f9.4b global demand. See demand, global global economic conditions, 9, 55–56, 311–13, 384, 413 impact on Brazil, 114, 141–45, 152n14–15 impact on India, 278, 281 impact on Malaysia, 327–28 impact on Mexico, 360, 363, 364, 382 impact on Turkey, 502, 525, 533 Global Economic Prospects 2010 (GEP), 57–58 global-financial crisis, 30–32, 330, 359–60 impact of, 32–35, 40–49, 79n17, 543–44, 546 and medium-term prospects, 49–51, 52–53, 55–59, 79n19 overview of impact and policy responses to, 30–32 and policies, 35–40, 70–75, 79n16 and regression analysis of impact of, 77–78 See also boom period; postcrisis period; pre-global crisis; specific country; subprime mortgage crisis globalization, 1, 8–10, 356, 359, 417–18 global payment systems, 2 gold, 590n32 good and services, investments in, 413 Goods and Services Tax (GST), Malaysia, 332–33 Gooptu, Sudarshan, 595–97 governance, Philippines, 410–11, 441n5 Granger causality tests, 418, 420 grants, 554 gravity model, 26–27, 79n15

gross domestic product (GDP), 9, 40–48, 79n17, 156 Brazil, 156 China, 162 Ethiopia, 204–5 global GDP, 9, 10t1.3, 31, 58–59 Mexico, 378–79, 386t8A.1 Poland, 458–59 Turkey, 496 Vietnam, 550–52 See also GDP growth gross value added (GVA), and growth rates in Poland, 455–57 Group of Twenty (G20) countries, 9 growth accounting China, 164, 165b4.1 framework for, 307, 436 Poland, 452–53 Turkey, 530, 535–38, 539n11–12 Vietnam, 557–58, 588–89n16 GST. See Goods and Services Tax (GST), Malaysia guarantee funds, Malaysia, 325, 326 Gupta, Abhijit Sen, 235–96

H H1N1 flu outbreaks, 44, 368 handicrafts, from Vietnam, 588n10 Hansson, Ardo, 161–96 health spending, 50 high-technology products, 455, 485 Hodrick-Prescott (HP) filter, 17, 54, 78n2 and estimation of output in Mexico, 373, 374f8.6, 375–76b8.1, 380 household sector debt-to-GDP ratio, Turkey, 500 housing sector China, 186 Malaysia, 325 privatization of, 164 United States, 367

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