Bachelor Thesis from the year 2009 in the subject Business economics - Economic Policy, grade: 1,5, University of St. Gallen, language: English, abstract: As the economic crisis of the late 200os unfolds, the need for global political, regulatory and supervisory changes becomes apparent. This paper is intended to clarify the role that least developed countries play in this process. Different channels of vulnerability are identified and examined both in a dynamic and static framework, thereby contributing to an understanding of how and to which degree the world's poorest countries will be affected by the current global economic turmoil. It arrives at the conclusion that LDCs are likely to be negatively affected by numerous structural factors and identifies low and high vulnerability states by constructing a composite Economic Vulnerability Index.

During 2008-2009, the world experienced its worst financial and economic crisis since the Great Depression of the 1930s. The crisis followed the effects of the food and fuel price hikes in 2007 and 2008. In 2009, global output contracted by 2 per cent. This 2011 Report on the World Social Situation reviews the ongoing adverse social consequences of these crises after an overview of its causes and transmission.

Research Paper (undergraduate) from the year 2010 in the subject Economics - International Economic Relations, grade: Grade1, Xiamen University (School of Economics), course: International Economics, language: English, abstract: This paper has attempted to analyze the Impact of the past current Global Economic Recession on Low Income Countries (LICs), by showing how it started, its impact on the real economy and how it spread to the LICs. Further the Paper has tried to highlight policy choices confronting the LICs in order to mitigate the crisis and avoid the recurrence of further crisis in future.