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International Financial Crisis and Development Models of the Developing Countries
Abstract:In the past one or two years most developing countries have implemented various types of anti-crisis measures. These measures are quite effective, but they should not be regarded as efforts to abandon the current models. Taking into consideration of today's global financial crisis and also the past experience and lessons of the developing countries in pursuing economic and social progress, developing countries should pay more attention to the following points when they adjust and improve their development models in the post-crisis era: take a positive attitude towards globalization; deal properly the relationship between government intervention and market mechanism; adhere to outward orientation; encourage financial innovation; seek a "green recovery"; never neglect the imperative need of promoting social development.
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