Research
The 2008 Global Financial Crisis And Its Implications In Tanzania: A Focus On Official Development Assistance (Oda)
This paper is on the 2008 global financial crisis and its implications in Tanzania with a focus on Official Development Assistance (ODA). The author gives an overview of the meaning,nature,causes,impacts and possible solutions for the crisis in Tanzania in general. Informed mainly by a review of literature and experts and practitioners opinion, it is found by the author that the crisis officially started to manifest itself in September 2008 in the financial markets in the United States of America (USA). Since then it has spread not only to financial but also to the real economy to many parts of the world especially in Europe and Asia where the first round effects are rapidly being experienced. In Africa, the second round effects (bounce-on effects) are increasingly being experienced The many direct and indirect, long term and short term impacts are emanating from the global economic recession that is unfolding as a result of the crisis.There have been several strategies to deal with the crisis at macro-and micro-level in various countries. These include but are not limited to various bailout plans and stimulus packages forvarious economies in general and specific sectors and industries in particular
Impacts of Economic Crises on Regional Integration Process: Lessons from the 2008 Global Economic Crisis and 2010 Euro Zone Crisis
This paper is on the possible impacts of economic crisis on regional integration. It focuses on the possible impacts of the 2008 global financial and economic crisis (GFEC) and the 2010 Euro Zone sovereign debt crisis on regional integration process. The author identifies and analyses various possible ways in which the two economic crises can negatively affect the regional integration process in the East African Community (EAC). These ways include but are not limited to the impacts of the crises on the availability of funds needed for the integration process, derailment of the macroeconomic convergence criteria, and protectionism tendencies among others. It is concluded in the paper that economic crises in general and the 2008 global and financial crisis and the 2010 Euro zone sovereign debt crisis in particular may slow, derail or even halt the regional integration process in the EAC. Areas for further research based in this paper include a need for detailed country-specific empirical case studies to take this essentially theoretical and conceptual paper to the next level.
