Short-term effects of the global economic and financial crisis on households in three developing countries

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Presents new evidence regarding the short-term microeconomic effects of the global economic and financial crisis in selected developing countries. First, re-examines evidence about the channels of transmission of the global crisis and its immediate macroeconomic effects on developing countries. Provides also quantitative evidence about the relevance of each channel in transmitting the crisis worldwide and in particular, to developing countries. Second, analyses short-term effects of the crisis on households in three developing countries: El Salvador, Tajikistan and Cambodia. Provides evidence that is nationally representative showing which population groups were most affected by the crisis and the comparative effectiveness of national response strategies in protecting households from its adverse consequences. Concludes with suggestions about designing social protection schemes that could cushion the micro-level effects of economic crises in developing countries