The global financial crisis has affected different sectors and countries in the developing world in varied ways. Case-studies in Bolivia and South Africa, for example, show the complex impacts of the crisis on poverty. Reduced global demand led to lower export volume and prices. Households in developing countries have also suffered from lower remittances. When faced with these shocks, poor households are likely to change their eating patterns and withdraw their children from school. However, targeted cash transfers to poor children can fully offset the negative effects of the global economic crisis on child poverty.
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