Special Covid-19 Series, Issue #23

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Data: 03-02-2021




Hello, Action Institute Community!


While the COVID-19 pandemic is hurting the global economy, we at Action Institute aim at delivering a whole-rounded perspective, cutting through the noise.


Our weekly Special series approaches the effects of the virus from different perspectives: from medical facts to health policy, from economic policy to macroeconomic issues, from politics to financial markets, from technology to the impact on businesses, and more. We encourage our esteemed readers to provide us with feedback and suggestions.


This weekly issue proposes a selection of papers and articles focused on Social Impact and Future Developments.



“Society is unity in diversity.”, George Herbert Mead


COVID-19 Could Undo Decades of Women’s Progress” (Foreign Affairs, Jamille Bigio, Kweilin Ellingrud, Mekala Krishnan, Anu Madgavkar, Rachel Vogelstein, January 5th, 2021). The authors argue that numerous stimulus packages were implemented around the world, but they failed to address those most hit by the crisis: women. They explain why women have been hit harder than men and what should be done to include them in economic recovery.

COVID-19 and migrant workers’ employment prospects in Europe” (, Francesco Fasani, Jacopo Mazza, January 25th, 2021). The article analyses the impact of COVID-19 on European migrant workers. By using a measure of unemployment risk based on workers’ job attributes, it estimates the pandemic-induced recession puts 9 million immigrant workers at high risk of unemployment in Europe.
Envisioning better health outcomes for all” (MIT Technology Review, MIT Technology Review Insights, January 26th, 2021). The article highlights the important role of geographic thinking and, in particular, the use of the Geographic Information System (GIS) in identifying and tackling COVID-19 health inequalities for minorities.

Deaths of despair and the incidence of excess mortality in 2020” (, Casey Mulligan, January 28th, 2021). This article uses data from the US to estimate the amount of non-COVID-19 excess deaths which have occurred during the pandemic, concluding that social isolation may have caused a wave of deaths of despair.


“The future depends on what you do today.”, Mahatma Ghandi.


 “Will Coronavirus Be the Death of Cities? Not So Fast” (WSJ, Richard Florida, December 10th, 2020). The author argues that crises give rise to new ways of living and working that enable the economy to grow and that the pandemic can be seen as an accelerator to trends already under way. Especially the increase in remote working will have a deep impact on the organization of cities and big business districts.

 “The next normal arrives: Trends that will define 2021 – and beyond” (McKinsey Institute, Kevin Sneader, Shubham Singhal, January 4th, 2021). The article identifies some of the trends that will shape the next normal. Then it discusses how they will affect the direction of the global economy, how business will adjust, and how society could be changed forever as a result of the COVID-19 crisis.
 “When will the COVID-19 pandemic end?” (McKinsey Institute, Sarun Charumilind, Matt Craven, Jessica Lamb, Adam Sabow, and Matt Wilson, January 20th, 2021). This article describes “most likely” timelines for when the coronavirus pandemic will end. According to the authors, it is now harder to imagine the United States or United Kingdom transitioning to normalcy before second quarter 2021 or reaching herd immunity before third quarter 2021. It also adds a perspective for the United Kingdom.





Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]


Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]


Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]