@article {Sen:2011:1356-3467:399, title = "A Hard Rain's a-Gonna Fall: The Global Financial Crisis and Developing Countries", journal = "New Political Economy", parent_itemid = "infobike://routledg/cnpe", publishercode ="routledg", year = "2011", volume = "16", number = "3", publication date ="2011-07-01T00:00:00", pages = "399-413", itemtype = "ARTICLE", issn = "1356-3467", eissn = "1469-9923", url = "https://www.ingentaconnect.com/content/routledg/cnpe/2011/00000016/00000003/art00006", doi = "doi:10.1080/13563467.2011.540323", keyword = "developing countries, financial crisis, transmission mechanisms", author = "Sen, Kunal", abstract = "The global financial crisis of 200809 is the deepest downturn in the world economy since the Great Depression of 192933. Though its effects have been felt most noticeably in the developed countries, it has affected many developing countries. This article assesses what we know about the impact of the crisis on developing countries, and how the crisis may affect long-term development outcomes. It also examines the implications of the crisis for some key issues in development policy and thinking.", }