IMPACTS OF THE GLOBAL FINANCIAL/ECONOMIC CRISIS TO THE ECONOMIES OF SUBSAHARAN AFRICA AND BALTIC COUNTRIES

Abstract

Author(s): Selçuk BALI

Sub-Saharan Africa, where can be seen poverty, corruption and non-democratic government quite often and millions of workers under the limit of $ 2 a day, stands out as one of the world's poorest regions. Baltic States took place at the forefront of disintegration of the Soviet Union (USSR). And later, Baltic countries didn’t join in the Commonwealth of Independent States (CIS). At this point, they have chosen to take part in European integration and then three of them have also become members of the European Union (EU) in 2004. The scope of work set out briefly the extent to impress changes of macroeconomic indicators for the global financial/economic crisis in the Sub-Saharan African Countries during 2005-2015 period and in the Baltic States during 2006-2015 period.

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