Autore : Action Institute
Tematica: Action Institute
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 Emerging Markets and Future Developments.
“What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.”, Joseph Stiglitz
“Putting girls at the center of the COVID-19 pandemic response in Africa” (Brookings, Mamta Murthi, March 5th, 2021). On the occasion of International Women’s Day, the World Bank Global Forum on Human Capital discusses the importance of investing in women and girls in Africa. As the pandemic is setting back Africa’s human capital and risks wiping out a decade of human capital gains, putting girls front and center in the collective COVID-19 response will ultimately lead to a stronger, more resilient, and inclusive recovery.
“The effect of lockdown policies on international trade: Evidence from Kenya” (Brookings, Addisu Lashitew and Majune K. Socrates, March 9th, 2021). The study examines how Kenya’s import and export trade was affected by lockdown policies during the COVID-19 outbreak. The introduction of lockdown measures by trading partners led to a modest increase in exports and a comparatively larger decline in imports. In particular, food exports and imports increased, while the effect of the lockdown on medical goods was less clear-cut.
“Emerging-market Debt in the COVID-19 Pandemic” (Chatham House, David Lubin, March 12th, 2021). The Covid-19 pandemic has led to massive increases in public debts and this not only in developed economies but also in emerging markets. This paper fosters two proposals to avoid the outbreak of sovereign debt crisis in developing countries: first, greater emphasis should vert on the IMF’s metric for the assessment of reserve adequacy (ARA); second, the issuance of GDP-linked bonds should be promoted.
“Working from home in developing countries” (Vox.eu, Charles Gottlieb, Jan Grobovšek, Markus Poschke and Fernando Saltiel, March 18th, 2021). Through the use of a task-based measurement of the ability to work from home in low and middle-income countries, this article concludes that fewer than 10% of urban jobs in developing countries can be done remotely. In particular, it highlights that workers in low-wage occupations and self-employed are those who have fewer opportunities to work from home.
“NEF spotlight: Global Health in the post-Covid-19 era” (McKinsey Global Institute, Carolina Aguilar et al., January 26th, 2021). Worldwide, the Covid-19 pandemic has sorted disproportionally worse effects on the poorest and most marginalized socioeconomic groups, due to their inability to access developed health structures and for their poor health conditions tracing back to before the onset of the pandemic. This article identifies five lessons learnt during the pandemic to make sure that we are ready for the public health challenges of the decade ahead.
“Mario Monti: An ambitious agenda is needed for the post-Covid ‘normal’” (FT, Mario Monti, March 16th, 2021). In this article, Mario Monti, chair of WHO’s pan-European commission on health and sustainable development, analyses the lessons learned from COVID-19, tackling issues related to data management, adequate healthcare investments and the need for a medical environment that encourages innovation. He also proposes the creation of an intergovernmental panel on health and a sustained investment program on early warning systems, in order to assess possible health risks.
“Economic preparation for the next pandemic” (Vox.eu, Peter A.G. van Bergeijk, March 18th, 2021). This article argues that the closure of entire economies cannot be used as a medical tool during future pandemics, as the costs are too heavy. It concludes that future economic non-pharmaceutical interventions need to be designed in order to support the transition from a domestically oriented to a pandemic-aware society.
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 […]
Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.
Ludwig Wittgenstein […]