Navigating the Global Storm

A Policy Brief on the Global Financial Crisis

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Navigating the Global Storm by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292572044
Publisher: Asian Development Bank Publication: October 1, 2008
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292572044
Publisher: Asian Development Bank
Publication: October 1, 2008
Imprint: Asian Development Bank
Language: English

The global financial crisis emerged at an alarming rate. A global credit squeeze led to large falls in international stock markets and the world economy is weakening rapidly. The Pacific is largely shielded from the most immediate effects of the crisis, but it is not immune. This Policy Brief provides early advice on what the global financial crisis could mean for the Pacific and what it could do to lessen its adverse impacts. The key response should be to reinvogate structural reform, which is crucial to achieving sustained economic growth.

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The global financial crisis emerged at an alarming rate. A global credit squeeze led to large falls in international stock markets and the world economy is weakening rapidly. The Pacific is largely shielded from the most immediate effects of the crisis, but it is not immune. This Policy Brief provides early advice on what the global financial crisis could mean for the Pacific and what it could do to lessen its adverse impacts. The key response should be to reinvogate structural reform, which is crucial to achieving sustained economic growth.

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