Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

This chapter identifies a number of stylized facts regarding the evolving pattern of import protection associated with the global economic crisis of 2008-2009, with a special focus on developing countries. While the major G-20 member economies of the international trading system largely...