The global financial crisis: Are developing countries prepared for a slowdown in 2009?
Last week’s startling news that Chinese trade shrank for the first time since 2001 and that India’s industrial output fell for the first time since 1994 will have dispelled any remaining hope that developing countries would be insulated from the global financial crisis.
Developing countries’ economies have been growing faster than those of developed countries for some time, including remarkable growth in African countries.
