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How did the GFC affect developing countries?
developing

How did the GFC affect developing countries?

While the Global Financial Crisis originated in developed countries, developing countries were not immune to its effects. Reduced foreign investment, trade and remittances had a significant impact on the economies of the world’s poorest countries. The crisis manifested itself in growing budget and trade deficits, currency devaluations, higher rates
May 20, 2017 5 min read
The Underlying Causes of the ‘Global Financial Crisis’
developed

The Underlying Causes of the ‘Global Financial Crisis’

Common explanations put forth for the financial crisis of 2007-2008 have been rather simplistic, scratching the surface of issues caused by decades of structural changes in the global economic environment. One widely held understanding of the crisis nominates the vast sub-prime mortgage default in the USA as the primary catalyst.
May 20, 2017 5 min read
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