Dealing with the contagion: China and India in the aftermath of the subprime meltdown

Research output: Journal PublicationsJournal Article (refereed)

6 Citations (Scopus)


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?

Original languageEnglish
Pages (from-to)1-14
Number of pages14
JournalChina and World Economy
Issue number2
Publication statusPublished - 1 Mar 2009
Externally publishedYes



  • China
  • contagion
  • India
  • subprime crisis

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