By Frank Hartwich and Jenny Larsen, United Nations Industrial Development Organization (UNIDO)
Factories around the world roared into action again in the second half of 2020, following the COVID-19-related slump that brought large parts of industrial production to a standstill in early 2020. The bounce back, led by Europe, China and other parts of Asia, has been faster than expected, with most of the losses felt in the first half of 2020 recovered by early 2021, although there are big differences between regions and sectors.
Continue reading “COVID-19 pandemic: threats to SMEs in poorest nations require swift policy action”
By Indermit Gill, Nonresident Senior Fellow at Brookings and Philip Schellekens, Senior Economic Advisor at International Finance Corporation (World Bank Group)
“Has global health been subverted?” This question was asked exactly a year ago in The Lancet. At the time, the pandemic had already spread across the globe, but mortality remained concentrated in richer economies. Richard Cash and Vikram Patel declared that “for the first time in the post-war history of epidemics, there is a reversal of which countries are most heavily affected by a disease pandemic.”
What a difference a year makes. We know now that this is actually a developing-country pandemic—and has been that for a long time. In this blog, we review the officially published data and contrast them with brand new estimates on excess mortality (kindly provided by the folks at the Economist). We will argue that global health has not been subverted. In fact, compared to rich countries, the developing world appears to be facing very similar—if not higher—mortality rates. Its demographic advantage of a younger population may have been entirely offset by higher infection prevalence and age-specific infection fatality.
Continue reading “COVID-19 is a developing country pandemic”
By Anzetse Were, Senior Economist FSD Kenya
The COVID-19 pandemic has had divergent impacts within and between economies. 2021 is already being defined by multispeed and divergent recoveries. Rich economies with USA in the lead, and China, are set for a strong recovery, mainly linked to their willingness to support incomes and deploy unprecedented fiscal and monetary support and quick COVID-19 vaccine rollouts. Low-income countries however face grimmer economic prospects due to limited access to COVID-19 vaccines and weak public finances; they will suffer more significant medium-term losses, especially affecting countries that rely on tourism and commodity exports, and those with limited policy space to respond.
Continue reading “Divergent recoveries from COVID-19 in Africa require intentional action”
By Peter Koninckx, Strategic and Commercial Advisor, Cunégonde Fatondji, Analyst Intern, and Joel Burgos, Senior Project Manager, ShARE
Beyond the death toll and illness of millions of people due to COVID-19, businesses, healthcare, culture and education have had to cope with severe disturbances. But in our opinion, one could argue that higher-education students are amongst the most affected populations, particularly those in Africa. Although Africa is the continent with the least reported cases, the closure of higher education institutions was more widespread, and mitigation measures less effective than in other regions, according to a survey we conducted with more than 165 students across 21 African countries. No quick-fix solution exists, but the current crisis has highlighted the weaknesses in higher education in Africa, indicating where governments, international institutions, NGOs, and the private sector should focus their efforts.
Continue reading “COVID-19 impact on higher education in Africa”
By Philip Schellekens, Senior Economic Advisor – IFC (World Bank Group)
As we start to see the light at the end of the pandemic’s dark tunnel, inequities in the distribution of vaccines across countries are coming under intense scrutiny. Unequal vaccine distribution is not necessarily unfair—after all, some population groups are more vulnerable than others. Yet relative to sensible metrics of need, the current inequality is excessive. Efforts to boost and balance deployment have galvanized under the clarion call for #VaccinEquity, but progress has been slow and marred by bottlenecks.
Continue reading “For greater vaccine equity, first fix these misconceptions”
Par Jorge Moreira da Silva, Directeur, Direction de la coopération pour le développement de l’OCDE
Read this blog in English
Les chocs économiques et sociaux liés à la pandémie ou en rapport avec le climat n’ont épargné aucun pays du monde en 2020, mais ils font peser une grave menace et frappent de manière disproportionnée les contextes fragiles ou touchés par un conflit. Déjà parmi les moins à même de faire face aux chocs, et dotés de capacités d’adaptation insuffisantes, ceux-ci sont aujourd’hui particulièrement exposés à ces risques. Ils ont besoin d’urgence de plus de soutien de la part de la communauté internationale, tant pour se relever à court terme que pour renforcer leur résilience face à de futurs chocs systémiques.
Continue reading “Donner la priorité aux contextes fragiles dans le monde de l’après-pandémie”
By Werner Raza, ÖFSE – Austrian Foundation for Development Research
The pharmaceutical innovation system’s disregard of “neglected diseases” primarily affecting countries in the Global South should no longer be tolerated. A substantial reform is necessary.
Triggered by SARS-COV-2, Covid-19 belongs to the group of new infectious diseases which until now had mainly occurred in emerging and developing countries. Since the first outbreak of a SARS epidemic in 2002, millions of people have been affected by the family of coronaviruses. But it took a global pandemic with serious impacts on OECD countries’ societies and economic systems, for such a disease to receive the health policy attention that the Global South has been sorely lacking.
Continue reading “From COVID-19 to “neglected diseases”: Time to deliver on pharmaceutical innovation”
By Flavia Bustreo, Global leader for health & rights of women, children, adolescents & elderly & Former Assistant Director-General at WHO, Gabriela Ramos, Assistant Director-General for Social and Human Sciences, UNESCO and Felicia Knaul, Director, Institute for Advanced Study of the Americas, Professor, Department of Public Health Sciences at the Miller School of Medicine
Last year, in early February, we joined global leaders and Ministers from a number of countries at a landmark conference organised by the OECD on ending violence against women. The first of its kind, it reflected the rising recognition among OECD countries that violence against women is both a grave violation of human rights as well as an economic sinkhole. The COVID-19 crisis has magnified the existing ‘pandemic within a pandemic’ of violence, with devastating consequences for individuals, and for our societies and economies at large.
Continue reading “Gender-based violence: the ‘pandemic within a pandemic’ with devastating human and economic consequences”
By Violeta Gonzalez, Head of Partnerships, Outreach and Resource Mobilisation, Enhanced Integrated Framework (EIF)
April is usually cashew marketing season across West Africa – a lively affair where traders tout bags of recently harvested raw nuts to buyers, most of whom have flown in from Vietnam and India. But 2020 was not a usual year. COVID-19 containment measures meant closures – of international borders, stopping major buyers travelling to West Africa – as well as domestic markets, leading to violent clashes between police and traders. It goes without saying that the impact of these border and market closures came at a great cost to the livelihoods of many West African cashew farmers, producers, and traders. Small businesses faced plummeting revenues or were at the brink of bankruptcy. Instead of offering support, local banks and financial institutions supporting West African cashew producers slashed lending during the pandemic.
Continue reading “How West Africa’s cashew companies have weathered the COVID-19 crisis”
Par Jason Gagnon, Économiste du développement, Centre de développement de l’OCDE
Read this blog in English
La pandémie de COVID-19 a bouleversé les migrations internationales. Selon les Nations Unies, on comptait 272 millions de migrants internationaux dans le monde en 2019, soit 3.5 % de la population mondiale, ce qui reflétait une augmentation constante au fil des ans. Cependant, depuis le début de la crise, les migrations ont considérablement diminué. En raison des restrictions, l’accueil d’étrangers dans les pays de l’OCDE a chuté de 46 %. Dans les pays du Conseil de coopération du Golfe (CCG), et dans de nombreuses autres régions du monde, les tendances vont dans le même sens. Et la baisse générale des flux migratoires devrait se poursuivre en 2021.
Continue reading “Inégalités et migrations internationales : garantir des avantages pour tous dans l’après-pandémie”