The Credit Crunch And Developing Countries
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Dr Ben Thirkell-White on Global poverty and the credit crunch 16 Sept 2009. ...
Dr Ben Thirkell-White on Global poverty and the credit crunch 16 Sept 2009.
Collapse of Western excess is creating a crisis for developing countries caught in the tailwind. 2.8 billion survive on less than two dollars a day. After significant gains in the last decade, which saw GDP growing across Africa at an average of 5%, latest figures indicate this is dropped to less than 3%. The solutions are complex, will be incremental, and require action at both macro (intergovernmental) and micro-levels (individuals and NGOs assisting economic development on the ground). There is no silver bullet, but only realistic and committed action at all levels.
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