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COVID-19 and the Developing World [Jayati Ghosh]
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Developing countries, many of which appear not to have felt the health effects of COVID to the same extent as Europe and the US, are nonetheless facing severe economic effects as the pandemic pushes the global economy into a recession.
Countries like India, which have rigorously enforced shelter-in-place orders without adequate protection of those losing livelihood, have seen massive disruptions in informal activities and attempts by millions of migrant workers to return to their homes. Many other governments, already burdened with significant debt and facing foreign exchange constraints, are not in the position to carry out the fiscal and monetary emergency measures available to developed countries. Dr. Ghosh will discuss the impact of the crisis on these already fragile economies and their populations.
Countries like India, which have rigorously enforced shelter-in-place orders without adequate protection of those losing livelihood, have seen massive disruptions in informal activities and attempts by millions of migrant workers to return to their homes. Many other governments, already burdened with significant debt and facing foreign exchange constraints, are not in the position to carry out the fiscal and monetary emergency measures available to developed countries. Dr. Ghosh will discuss the impact of the crisis on these already fragile economies and their populations.
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