This page collects articles and documents on countries that have managed to minimize the global crisis through policies and strategies - both in place and developed in response.
Articles and Documents
2009
Global Crisis Makes US More Dependent on China than Ever (November 11, 2009)
The world financial crisis has changed the nature of the relationship between China and the US. China has launched the world biggest economic stimulus package and kept the country growing. About two-thirds of China's foreign currency reserves are in dollars and serious fall in the dollar could harm the US economy. China is challenging the US as the Chinese Air Force General Xu Qiliang announced that China plans to become a world power by the mid-21st century. The Obama administration is keen on starting an age of cooperation with the Chinese. (Spiegel)
Bangladesh Bucks the Trend (October 14, 2009)
Although the global financial crisis hit the developing countries the most, Bangladesh has coped well. Government restrictions on investing in foreign financial assets prevented infection from the US mortgage market. In addition Bangladeshi migrant workers kept sending money home and the Bangladesh export market grew 10 percent in sales of lost-cost knitwear and woven garments. (YaleGlobal)
