The global financial crisis will have a major effect on developing
country economies. Last month's news that Chinese trade shrank for the
first time since 2001, and that India's industrial output fell for the
first time since 1994, will have dispelled any remaining hopes that
developing countries would be insulated from the global financial
crisis. Forecasts for 2009 suggest that developing countries will grow
by at least 2 percentage points less than originally thought.
This IPPG Briefing Note considers whether this global economic shock
will have implications for the way state-business relations (SBRs)
operate: in short what institutional implications the crisis will have.
IPPG Briefing Note January 2009, IPPG, Manchester, UK, 2 pp.
The Global Financial Crisis and Institutions: The Evolving Role of State Business Relations