TY - JOUR
T1 - Dealing with the contagion: China and India in the aftermath of the subprime meltdown
AU - SHARMA, Shalendra D.
PY - 2009/3
Y1 - 2009/3
N2 - What began as a downturn in the US housing sector in the summer of 2007 had mushroomed into a global financial crisis by September 2008: the most severe since the 1930s. Developing countries, including China and India, at first seemingly sheltered from the worst of the turmoil, have not been immune to the contagion's spillover effects. What are China and India's precise vulnerabilities, and what can each do to better insulate their economies from the vagaries of global financial marker turmoil? Equally important, what long-term strategies must each country adopt to make their economies more resilient to global market downturns?
AB - What began as a downturn in the US housing sector in the summer of 2007 had mushroomed into a global financial crisis by September 2008: the most severe since the 1930s. Developing countries, including China and India, at first seemingly sheltered from the worst of the turmoil, have not been immune to the contagion's spillover effects. What are China and India's precise vulnerabilities, and what can each do to better insulate their economies from the vagaries of global financial marker turmoil? Equally important, what long-term strategies must each country adopt to make their economies more resilient to global market downturns?
KW - China
KW - contagion
KW - India
KW - subprime crisis
UR - http://www.scopus.com/inward/record.url?scp=63349112537&partnerID=8YFLogxK
U2 - 10.1111/j.1749-124X.2009.01138.x
DO - 10.1111/j.1749-124X.2009.01138.x
M3 - Journal Article (refereed)
AN - SCOPUS:63349112537
SN - 1671-2234
VL - 17
SP - 1
EP - 14
JO - China and World Economy
JF - China and World Economy
IS - 2
ER -