Crisis watch: worldwide
1 June 2009
Alliance magazine
The effect of the financial crisis around the world upon civil society, including its key foundation funders, remains unclear, with limited reports from Asia, Africa and the Americas. While the situation in the US is the most closely tracked, the deepest impacts have yet to come in developing nations as the crisis in the North spills into the South in the form of reduced investment, employment, trade, tourism, remittances and international aid.
