Can Low-Income Countries Adopt Counter-Cyclical Policies?

Author: Degol Hailu ,John Weeks
Thematic Area: Inclusive Growth

Abstract:The current global recession reconfirms low-income countries’ vulnerability to external shocks. The exposure is a direct result of integration into the world economy. Declines in export earnings, remittances, tourism and capital flows are some of the transmission mechanisms. The developed and middle-income countries have responded with a series of stimulus packages. More to the point, they are able to adopt counter-cyclical policies. Can low-income economies do the same? (…)

Keywords:Low-Income, Countries, Adopt, Counter-Cyclical Policies
Publication Date:
Type/Issue:One Pager/92

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