Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

Skip to content
Back

The Developing World is Too Big to Fail

March 2009

As the economic crisis spreads deeper and wider, so too do calls for various bailouts. The federal government has provided billions of dollars to rescue banks, car producers, insurance companies and other industries. Why not, then, bail out developing countries as well? So asks Kevin Gallagher of our colleague the Global Development and Environment Institute at Tufts university in an article from the Guardian. After all, if being “too big to fail” is the litmus test, then surely the Global South passes. He writes, “If the world’s developing countries aren’t part of a comprehensive global response to the crisis we will all be worse off. Rich-country stimulus plans have been too focused on their domestic multiplier effects, rather than global ones.”

Read the full article here .

Latest from the Learning Hub
Back To Top