The New Majority: Woodruff on Developing Countries

CFSP’s Woodruff Weighs in on Developing Countries’ Role in the Economic Crisis
January 1, 2011

Bulletin of the Economics Research Institute

The University of Warwick, UK

CFSP member, Christopher Woodruff, recently contributed to the Bulletin of the Economics Research Institute, published by The University of Warwick in the United Kingdom.  In his article, Woodruff, who specializes in development economics, discusses the impact of the economic crisis on “up-and-comer” countries, such as China and India.  Because developing countries have largely avoided banking and currency crises, they will likely show higher GDP growth rates than the United States and the EU.  For this reason, Woodruff explains that the phrase “global crisis” is somewhat of a misnomer.