Date of Award

1-1-2011

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Peter Sai-wing Ho

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.

Provenance

Recieved from ProQuest

Rights holder

Rachel Hartgen

File size

113 p.

File format

application/pdf

Language

en

Discipline

Economics, International relations

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