The global economic crisis has reinforced concerns about the impact of financial and economic shocks on human development. The increasing frequency of such shocks raises questions about their systemic character and the ability of developing countries to withstand the negative impacts of economic uncertainty. Indeed, vulnerability to macro-level shocks has the potential of significantly slowing progress towards the Millennium Development Goals. This report addresses essential questions about economic vulnerability and resilience. Most significantly, it explores how macro-economic crises affect vulnerable economies, what structural characteristics make economies susceptible to the harmful effects of such shocks, and what policies can help developing economies build resilience in the face of unpredictable economic change.
Publisher: United Nations
Number of pages: 276
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