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Video: The Great Recession and Developing Countries

A new book from the World Bank titled 'The Great Recession and the Developing Countries: Economic Impact and Growth Prospects’ assesses the likely impact of the recent global crisis on medium term growth prospects of 10 diverse developing countries -- Brazil, China, Ethiopia, India, Malaysia, Mexico, Philippines, Poland, Turkey, and Vietnam.

Key messages are that: 1) post-crisis growth is likely to be multi-polar and diverse; 2) a real-time analysis of country policies allows a greater likelihood that crises can be averted in future; 3) lessons from the most successful emerging markets – whether giants like China or smaller nations like Malaysia – are vital to securing an enduring economic recovery.

Alan Gelb (Senior Fellow, Center for Global Development), Kemal Dervis (VP for Global Economics and Development, Brookings Institute) and Mustapha Nabli (Editor of this book) discuss and critique the main messages of the book.

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