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What is the Likely Poverty Impact of the Global Financial Crisis?

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posted on 2024-09-06, 05:26 authored by Andy Sumner, Sara Wolcott
Estimates of the poverty impact of the current crisis are becoming numerous and varied. Global estimates of poverty impacts are based on assumptions regarding Gross Domestic Product (GDP) growth deceleration and the relationship between GDP growth and poverty. We take a different approach. We ask what do we know from research on the poverty impacts of previous financial crises in developing countries? We review current global estimates on poverty and then draw evidence from nine developing countries that have experienced a crisis episode since the mid?1990s.

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Publisher

Blackwell Publishing Ltd

Citation

Sumner, A. and Wolcott, S. (2009) What is the Likely Poverty Impact of the Global Financial Crisis?. IDS Bulletin 40(5): 47-58

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IDS Bulletin Vol. 40 Nos. 5

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Article

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© 2009 The Authors. Journal compilation © Institute of Development Studies

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    Volume 40. Issue 5: Policy Responses to the Global Financial Crisis

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