Factors Influencing Inclusive Economic Resilience in Middle-income Countries
This helpdesk report reviews the key threats to the resilience of middle-income countries and their at-risk population groups
Abstract
The 2008/9 global financial crisis and now COVID-19 has demonstrated that both financial sector volatility and contagious diseases can cause huge worldwide economic disruptions. This helpdesk report reviews the key threats to the resilience of middle-income countries and their at-risk population groups. It is divided into six sections. Section 2, explores the factors that effect a country’s economic vulnerability, whilst Sections 3 does the same for economic resilience and Section 4 for inclusive economic resilience specifically. Section 5 then focuses on middle-income countries and discusses the particular issues they frequently face that can exacerbate their economic vulnerability and hamper inclusive economic resilience. Finally, Section 6 focuses on three areas where many middle-income countries could prioritise reforms in order to improve their economic resilience, namely: increasing revenue mobilisation, improving their management of investment flows and the financial system and developing crisis management capacity. Section 6 also discusses the importance of ensuring that development programming in middle-income countries balances support for increased efficiency and robustness in order to promote both growth and economic resilience.
This report was prepared for the UK Government’s Foreign, Commonwealth and Development Office (FCDO) and its partners in support of pro-poor programmes
Citation
Herbert, G. (2020). Factors effecting inclusive economic resilience in middle-income countries. K4D Helpdesk Report. Brighton, UK: Institute of Development Studies.
Link
Factors Influencing Inclusive Economic Resilience in Middle-income Countries