THE CONSEQUENCES OF THE FINANCIAL CRISIS UPON EMERGING AND DEVELOPPING COUNTRIES

The authors of the research analyze the impact and the effects of the financial crisis upon the emerging and developing countries. Moreover, the impact of the international economic crisis upon the new member states of the European Union has proved to be more severe than it had been anticipated a few months before, and its effects appeared immediately. Also, the study shows how important it is for the developing countries to take immediate, decided and systematic measures, to be ready for future events, in order to reduce the recession risks. A correct management of the crisis besides prevention policies and strategies also involves management methods corresponding to the type of crisis.