Date of Award

11-1-2011

Document Type

Masters Thesis

Degree Name

M.A.

Organizational Unit

College of Arts Humanities and Social Sciences, Josef Korbel School of International Studies

First Advisor

Peter Sai-Wing Ho, Ph.D.

Second Advisor

Ilene Grabel

Third Advisor

Maclyn Clouse

Keywords

Bangladesh, Great Recession, Low-income countries, Zambia

Abstract

The implosion of the 2008 financial crisis ignited fears that integration would transmit the crisis’ effects throughout the global system. Examining two countries, Bangladesh and Zambia, this project shows that low-income countries with relatively little integration also saw negative impacts. This occurred through three main transmission mechanisms: trade flows, rising prices and financial flows that could have possible long-term effects at the macro and micro level. The manner and impact of each transmission mechanism, however, varied among LICs according to each country’s individual structural economic and financial vulnerabilities. Bangladesh saw a delayed impact but did not avoid the crisis completely, while Zambia saw a quick impact but recovered sooner. Where their individual cases converge, they offer recommendations for other LICs embarking on trade and financial liberalization in an interconnected but risky system.

Publication Statement

Copyright is held by the author. User is responsible for all copyright compliance.

Rights Holder

Rachel Hartgen

Provenance

Received from ProQuest

File Format

application/pdf

Language

en

File Size

113 p.

Discipline

Economics, International relations

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