Article thumbnail


By Ph.D Luminita Horhota and Ph.D Cristina Nicoleta Matei


This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial crisis; developing countries; financial development

OAI identifier:

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.

Suggested articles


  1. (2007). Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China’.
  2. (2008). Development Finance in the Global Economy: The Road Ahead. Basingstoke: Palgrave Macmillan for UNU-WIDER,
  3. (2007). Economic Outlook: Globalization and Inequality.
  4. (2008). Economic Outlook: Housing and the Business Cycle.
  5. (2008). European Commission ‘A European Recovery Plan’,
  6. (2008). Financial Development Institutions, Growth and Poverty Reduction. Basingstoke: Palgrave Macmillan for UNUWIDER,
  7. (2008). Financing Development: from Monterrey to Doha’,OpenDemocracy,
  8. (2008). from the South: The Impact of the Financial Crisis on Developing Countries’,
  9. (2008). International Finance and Growth in Developing Countries: What have we Learned?’. WB Working Paper 34. Washington, DC: Commission on Growth,
  10. (2008). Lessons from Financial Liberalization in Scandinavia’. Comparative Economic Studies,
  11. The Impact of the Global Financial Crisis on the Development Finance Prospects for LDCs’.
  12. (2009). The Making of a Mess: Who Broke Global Finance, and Who Should Pay for It?’,
  13. (2008). The Vision Thing’.
  14. (2008). World Trade Organization ‘Lamy Warns Trade Finance Situation Deteriorating’.