The recent global economic crisis has reinforced significant concerns about the impact of financial and economic shocks on human development. The increasing frequency of such shocks raises important questions about their systemic character and the ability of developing countries to withstand the most damaging and lasting impacts of economic uncertainty. Indeed, vulnerability to macro-level shocks has the potential of significantly slowing progress towards MDGs and other development goals that have taken developing countries many years to achieve.
This report addresses essential questions about economic vulnerability and resilience. Most significantly, it explores the following: How do macro-economic crises affect the world’s most vulnerable economies? What structural characteristics make some economies more susceptible to the harmful effects of such shocks? And what policies can help developing economies build resilience in the face of unpredictable economic change globally? In doing so, it identifies key structural determinants that shape how countries experience and adapt to economic and financial shocks while considering policies and practices that minimize susceptibility.



MDG's News
July 1, 2011.- Pretoria - President Jacob Zuma has urged all South Africans to work together in support of basic education and the future of the children. Commenting on the 2011 Annual National Assessments (ANA) of numeracy and literacy skills results, released on Tuesday by Basic Education Minister Angie Motshekga, Zuma said the assessments have "reconfirmed the correctness of the government decision to make education an apex priority and a societal responsibility nationwide."
Pretoria, March 18, 2010: Business leaders attending President Jacob Zuma’s business summit on job creation were optimistic on Friday that the meeting may provide some kind of indication on how government planned to work with the private sector to meet its job creation targets. Zuma opened the summit in Pretoria by urging captains of industry to help government find solutions to the unemployment challenge facing the country. It is expected to thrash out details of how government will work with the private sector to create jobs.
Bloemfontein March 18, 2011.- The process of developing South Africa’s rural areas took a giant step forward when young people received certificates for completing the first phase of their skills empowerment programme. A total of 500 young people from the country’s rural areas graduated and received their certificates from Rural Development and Land Reform Minister Gugile Nkwinti at De Brug Military Base in Bloemfontein on Thursday.
