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South Asia and Global Financial Crisis: Issues and Challenges

T. Nirmala Devi (Editor)

Global financial crisis, the consequence of an unsustainable growth pattern that has been emerging since a decade, impacts the economies in all the regions, irrespective of their degree of globalization and deft economic management. Both developed and developing countries have different threats from the crisis, and devised appropriate measures to contain it. South Asia weathered the crisis much better than most of the regions in the world. The region is least-affected by the global meltdown, due partly to the relatively closed nature of some of its members in respect of trade and capital flows; and partly to the strong fundamentals and prudent policies of the rest. Resilience is mostly seen in South Asia not only in knowledge-intensive services and exports of garments and textiles, but also in workers? remittances and foreign direct investment. India, being driven by internal demand; sound domestic policies; and well-regulated banking system, has escaped the worst effects of the crisis to show assured signs of strong recovery.

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About the author

T. Nirmala Devi

T. Nirmala Devi, Professor in the Centre for SAARC Studies, Andhra University, Visakhapatnam. She has been working on South Asian studies for over two decades. She was a Baden-Wurttemberg University, Germany. Her other areas of interest are international economics, women's studies and demographic studies. Besides co-editing one book, she has published three books, authored six monographs and nearly sixty research papers on South Asia.

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Bibliographic information

Title South Asia and Global Financial Crisis: Issues and Challenges
Format Hardcover
Date published: 02.11.2011
Edition 1st. ed.
Publisher Pentagon Press
Language: English
isbn 9788182745131
length xxii+217p., Illustrations; Index; 24cm.