Faced with the disastrous effects of the financial crisis, developed countries have adopted short-term measures that focus on limiting its direct impact on the real economy. However, the indirect, long-term effects, which could lead to a prolonged downturn or even a depression of the global economy, must be tackled urgently as well. The first session of the course will provide an insight into the causes of the financial crisis, its current consequences, and the potential future threats that it poses for the whole world, and for developing countries in particular. The second session will then outline policy options at the country level, in particular in developed countries, that could provide the necessary policy stimuli to counter the looming recession. It will also examine current international initiatives and suggest possible international responses to the financial crisis.

Delivered by: Division on Globalization and Development Strategies

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Presentation:

• Understanding the Global Economic Crisis
  • Multimedia presentation

Related documents:

• The global economic crisis: Systemic failures and multilateral remedies
  • Executive summary:
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UNCTAD Policy Briefs:

• No. 1, Coping with the financial market crisis
• No.3, The crisis of a century:
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• No.4, Rebuilding fiancial multilateralism
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• No.5, Will we never learn?
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• No.7, Keeping ODA afloat: No stone unturned