ISBN 9782869786370
Pages 358
Dimensions 234 x 156mm
Published 2015
Publisher CODESRIA, Senegal
Format Paperback

The Global Financial and Economic Crisis in the South

Impact and Responses

by José León-Manríquez, Theresa Moyo

This book is the outcome of a South-South conference jointly organized by the Asian Political and International Studies Association (APISA), the Latin American Council of Social Sciences (CLACSO) and the Council for the Development of Social Science Research in Africa (CODESRIA) in Dakar, Senegal, May 2012. The conference was organised in response to the financial crisis of 2008 which started in the United States and Europe, with reverberating effects on a global scale. Economic problems emanating from such crises usually leave major social and structural impacts on important sectors of the society internationally. They affect living standards and constrain the well-being of people, especially in poor countries. Persistent problems include high unemployment, increased debt and low growth in developed countries, as well as greater difficulties in accessing finance for investment in the developing world. There is a need for countries in the South to examine the available options for appropriate national and regional responses to the different problems emanating from the economic crisis.

This book attempts to provide ideas on some strategic responses to the disastrous impact of the crisis, while keeping in mind the global common interest of the South. It is hoped that the book will contribute significantly towards the agenda to rethink development and the quest for alternative paradigms for a just, stable and equitable global political, economic and social system. A system in which Africa, Asia, and Latin America are emancipated from the shackles of hegemonic and anachronistic neoliberal dictates that have nothing more to offer than crises, vulnerabilities and dependency.

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About the Authors

José León-Manríquez

José Luis León-Manríquez holds a PhD in Political Science from Columbia University, New York. His research interests include international relations and economic development in Latin America and East Asia. He was a member of the Mexican Foreign Service and Deputy Director of the Matías Romero Institute of Diplomatic Studies. He is editor or author of nine books and more than 100 book chapters and journal articles. Currently, he is a Professor in the Department of Politics and Culture of the Universidad Autónoma Metropolitana (UAM), Mexico City. 

Theresa Moyo

Theresa Moyo is Acting Director of the Turfloop Graduate School of Leadership, University of Limpopo, South Africa, where she is also a Senior Lecturer on the Master of Development Programme. She holds a PhD in Economics from Dalhousie University, Canada. Earlier, she was a lecturer in the Department of Economics at the University of Zimbabwe. She also has experience in microfinance and was the Executive Director of the Southern Africa Microfinance Capacity Building Facility (SAMCAF), Harare, Zimbabwe. Her research interests include local economic development, trade and regional development, and development finance.

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