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Bailing Out the World's Poorest

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  • Martin Ravallion

Abstract

The current financial crisis is global in nature, but it will have differing impacts within the developing world. Some people and some countries are more vulnerable than others. The author believes that it also threatens to have lasting impacts for some of those affected, notably through the nutrition and schooling of children in poor families. The author believes mistakes were made in past crises and identifies key design features for safety net programs that can help compensate for the likely welfare losses in the short-term while also promoting longer-term recovery.

Suggested Citation

  • Martin Ravallion, 2009. "Bailing Out the World's Poorest," Challenge, Taylor & Francis Journals, vol. 52(2), pages 55-80.
    • Handle: RePEc:mes:challe:v:52:y:2009:i:2:p:55-80
    DOI: 10.2753/0577-5132520203
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    Cited by:

    1. Kiendrebeogo, Youssouf & Assimaidou, Kossi & Tall, Abdoulaye, 2017. "Social protection for poverty reduction in times of crisis," Journal of Policy Modeling, Elsevier, vol. 39(6), pages 1163-1183.
    2. World Bank, 2009. "Armenia : Implications of the Global Economic Crisis for Poverty," World Bank Publications - Reports 3119, The World Bank Group.
    3. Mohseni-Cheraghlou, Amin, 2016. "The Aftermath of Financial Crises: A Look on Human and Social Wellbeing," World Development, Elsevier, vol. 87(C), pages 88-106.
    4. Sam Wong, 2011. "From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!," Working Papers id:4398, eSocialSciences.
    5. Lagadec, Gael & Ris, Catherine, 2010. "La conjoncture économique dans la région Asie-Pacifique après la crise des subprime [The economic tendency in the Asia-Pacific area after the subprime crisis]," MPRA Paper 23123, University Library of Munich, Germany.
    6. Gries Thomas & Naude Wim, 2011. "Entrepreneurship, Structural Change and a Global Economic Crisis," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-43, July.
    7. Massimo FLORIO, 2012. "The real roots of the great recession: unsustainable income distribution," Departmental Working Papers 2012-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    8. Abdulrazak Karriem & Adelina Mensah & Ali Essossinam & Armah Ralph Nii Armah & Avishek Datta & Bankui Andrew Dzeaye & Christopher Gordon & Damba, T. Osman & Derick T. Adu & Elaine Tweneboah Lawson & F, 2019. "Climate Change and Sub-Saharan Africa: The Vulnerability and Adaptation of Food Supply Chain Actors," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 1, number 320.

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