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| Titre : | The Impact of Global Economic Crises on the Poor : Comparing the 1980s and 2000s (2012) |
| Auteurs : | Frances Stewart |
| Type de document : | Article : document électronique |
| Dans : | Journal of Human Development and Capabilities (Vol. 13, n° 1, February 2012) |
| Article en page(s) : | pp. 83-105 |
| Langues: | Anglais |
| Catégories : |
Thésaurus CEREQ CRISE ECONOMIQUE ; PAUVRETE ; COMPARAISON INTERNATIONALE ; COMPARAISON |
| Résumé : | This paper contrasts the impact of the financial crisis of 2008 on poor countries and poor people with the debt crisis of the 1980s. The financial crisis of the 2000S affected more regions of the world but its effects on particular countries were more heterogeneous, varying according to countries' dependence on different sources of foreign exchange. […]. In aggregate terms, the fall in gross domestic product (GDP) was much greater in the 2000s than the 1980s. Yet, taken as a whole, the impact on poverty appears to have been less. One major difference between the 1980s and 2000s was the greater autonomy countries had in policy-making, and lesser dependence on the International Monetary Fund, allowing countries to follow more expansionary policies. Government expenditure as a proportion of GDP was generally sustained in 2000s in contrast to severe cuts in the 1980s. Moreover, there were more extensive social support programmes in existence in the 2000s that acted as mild protections against economic downturn. […] The crisis of 2000s was shorter than the 1980s, so that people and governments could draw on their savings to protect their livelihoods, but if the global recession recurs, the poverty consequences could become much worse… (source: article) |
| Document Céreq : | Non |
| En ligne : | http://www.tandfonline.com/doi/full/10.1080/19452829.2011.637386 |
