n Africa Insight - Editorial

Volume 46, Issue 1
  • ISSN : 0256-2804


Until the 'Great Recession' that began as a global financial crisis in 2007 or thereabouts, there has not been a socio-economic and political event that has lasted for as many years, and with as huge a negative impact on development, as the Great Depression of the 1930s. In 2007 the collapse of the United States of America (US) sub-prime mortgage market, and the reversal of the housing boom in other industrialised economies, triggered a financial crisis that spilled over to the rest of the world (as many contributions discuss in this special issue). Since then, policy makers around the world have been trying to formulate solutions to the problems into which the financial industry in particular, and the global economy in general, have plunged.

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