The global economic crisis has had a significant impact on the development of developing countries. One of the main impacts is the decline in foreign direct investment (FDI). When developed countries face economic difficulties, investors tend to withdraw capital from developing countries because of uncertainty. This causes a decrease in capital available for infrastructure, education and health development projects. Furthermore, this crisis also has an impact on the exports of developing countries. Many of them depend on commodities for income. When demand from developed countries declines, global commodity prices also decline. For example, oil-producing countries such as Nigeria and Angola saw their revenues eroded by falling oil prices. This causes development projects to stall and increases unemployment rates. Slowing economic growth also affects the government budgets of developing countries. Decreasing revenue sources make it difficult for the government to finance important social programs, such as education and health care. In many cases, budget cuts occur, which ultimately have a negative impact on people’s quality of life. The informal sector also experienced a major impact during the economic crisis. Many informal workers lost their livelihoods when demand for goods and services declined. Without a social safety net, many of them are forced to move to more unstable jobs with lower wages. This creates a cycle of poverty that is difficult to break. On the other hand, the global economic crisis has the potential to trigger innovation in developing countries. When resources are limited, many countries turn to creative solutions to increase efficiency. For example, better agricultural technology can be adopted to increase local food production. Countries can also increase focus on local capacity building and economic diversification to reduce dependence on commodities. In a social context, this crisis can lead to increased dissatisfaction and tension. Affected communities will be more vocal in fighting for their rights. This can encourage positive changes, such as increased transparency and accountability in government. However, if not managed well, this crisis can also trigger social conflict. Climate change is another factor that needs to be considered. Developing countries are often most vulnerable to the impacts of climate change, and economic crises can reduce their ability to adapt to those impacts. Investment in the environmental sector could be hampered, exacerbating existing problems. Overall, although the global economic crisis presents various challenges for developing countries, they also have opportunities to change and innovate. Optimizing policies to increase economic and social resilience is very important so that the negative impact of this crisis does not last. Building a sustainable and inclusive economy must be a top priority to face future challenges.