International Policy Analysis of Developing Countries to the Global Economic Crisis

The impact of the financial crisis on emerging markets like South Africa has been quite different from its impact on developed economies, and so too have been the responses to the crisis. This paper presents an overview of the policy responses which have been employed to counter the effects of the crisis in Brazil, Malaysia, Mexico and Turkey, countries which each share certain characteristics with South Africa. Using the examples found in these countries, the paper then aims to identify themes in the emerging market response to the crisis so far and to summarise the key questions facing South African policymakers at this time.