Economic Growth: Effect of the Economic crisis in the Third World

We must discern that the crisis has been transmitted through two channels:

Direct: Some of the countries themselves are involved in financial markets. Therefore, financial institutions are exposed to toxic assets behave.
Hint: Some of these countries, particularly Africa, are very little involved in the international financial system, but in a globalized world, many channels of transmission of the crisis.

And the consequences are:

A brake on the already low economic growth: IMF points to an average deceleration of June 2008 to 3 in the developing countries.
Exports from developing countries will stagnate by the recession.
In 2009, an estimated 55 to 90 million more than expected before the crisis will be living in extreme poverty.
Restriction credit and funds from donor countries
Devaluation of their currencies
Reduction of imports and exports, is hindering the objectives of the Doha Round of the WTO, a global agreement to eliminate trade restrictions in the world. Developing countries seek to try to get an unimpeded access to their markets for agricultural production in central countries. This means that great powers should eliminate or reduce significantly, the protection given to agriculture by way of direct subsidies to farmers or export subsidies.

Economic Growth