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|a The COVID-19 conundrum in the developing world
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|a It is almost certain that the world economy is entering a recession of historic proportions; how bad things get will depend on how governments manage the Covid-19 pandemic. At the core of the problem lies a very difficult choice: whether to "flatten the curve" of the epidemic or whether to flatten the curve of the recession. It is unlikely that both can be achieved and, in this case, it is better to address the tradeoff heads-on rather than try to ignore it or assume it doesn't exist. Because developing countries are less prepared to deal with the consequences of an economic downturn, they might not be able to afford "social distancing" policies for extended periods.
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It is almost certain that the world economy is entering a recession of historic proportions; how bad things get will depend on how governments manage the Covid-19 pandemic. At the core of the problem lies a very difficult choice: whether to "flatten the curve" of the epidemic or whether to flatten the curve of the recession. It is unlikely that both can be achieved and, in this case, it is better to address the tradeoff heads-on rather than try to ignore it or assume it doesn't exist. Because developing countries are less prepared to deal with the consequences of an economic downturn, they might not be able to afford "social distancing" policies for extended periods. |
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Robalino Aguirre, David A. 1969- VerfasserIn (DE-588)1046749145 (DE-627)777019698 (DE-576)400092247 aut, The COVID-19 conundrum in the developing world protecting lives or protecting jobs? David A. Robalino, Bonn, Germany IZA - Institute of Labor Economics April 2020, 1 Online-Ressource (circa 10 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Discussion paper series / IZA no. 13136, It is almost certain that the world economy is entering a recession of historic proportions; how bad things get will depend on how governments manage the Covid-19 pandemic. At the core of the problem lies a very difficult choice: whether to "flatten the curve" of the epidemic or whether to flatten the curve of the recession. It is unlikely that both can be achieved and, in this case, it is better to address the tradeoff heads-on rather than try to ignore it or assume it doesn't exist. Because developing countries are less prepared to deal with the consequences of an economic downturn, they might not be able to afford "social distancing" policies for extended periods., Forschungsinstitut zur Zukunft der Arbeit Discussion paper series no. 13136 13136 (DE-627)369870360 (DE-576)281231559 (DE-600)2120053-1, http://ftp.iza.org/dp13136.pdf Verlag kostenfrei, https://www.iza.org/publications/dp/13136/the-covid-19-conundrum-in-the-developing-world-protecting-lives-or-protecting-jobs Verlag kostenfrei, http://hdl.handle.net/10419/216448 Resolving-System kostenfrei, http://ftp.iza.org/dp13136.pdf LFER, LFER 2020-05-05T03:11:10Z |
| spellingShingle |
Robalino Aguirre, David A., The COVID-19 conundrum in the developing world: protecting lives or protecting jobs?, Forschungsinstitut zur Zukunft der Arbeit, Discussion paper series, no. 13136, It is almost certain that the world economy is entering a recession of historic proportions; how bad things get will depend on how governments manage the Covid-19 pandemic. At the core of the problem lies a very difficult choice: whether to "flatten the curve" of the epidemic or whether to flatten the curve of the recession. It is unlikely that both can be achieved and, in this case, it is better to address the tradeoff heads-on rather than try to ignore it or assume it doesn't exist. Because developing countries are less prepared to deal with the consequences of an economic downturn, they might not be able to afford "social distancing" policies for extended periods. |
| title |
The COVID-19 conundrum in the developing world: protecting lives or protecting jobs? |
| title_auth |
The COVID-19 conundrum in the developing world protecting lives or protecting jobs? |
| title_full |
The COVID-19 conundrum in the developing world protecting lives or protecting jobs? David A. Robalino |
| title_fullStr |
The COVID-19 conundrum in the developing world protecting lives or protecting jobs? David A. Robalino |
| title_full_unstemmed |
The COVID-19 conundrum in the developing world protecting lives or protecting jobs? David A. Robalino |
| title_in_hierarchy |
no. 13136. The COVID-19 conundrum in the developing world: protecting lives or protecting jobs? (April 2020) |
| title_short |
The COVID-19 conundrum in the developing world |
| title_sort |
covid 19 conundrum in the developing world protecting lives or protecting jobs |
| title_sub |
protecting lives or protecting jobs? |
| url |
http://ftp.iza.org/dp13136.pdf, https://www.iza.org/publications/dp/13136/the-covid-19-conundrum-in-the-developing-world-protecting-lives-or-protecting-jobs, http://hdl.handle.net/10419/216448 |
