By Ahmed Mushfiq Mobarak, Professor of Economics at Yale University, and Faculty director of the Yale Research Initiative on Innovation and Scale (Y-RISE), and Jaya Wen, Postdoctoral Fellow, Northwestern University
This blog is part of a series on tackling COVID-19 in developing countries. Visit the OECD dedicated page to access the OECD’s data, analysis and recommendations on the health, economic, financial and societal impacts of COVID-19 worldwide.
The new coronavirus has already exacted a profound toll all over the world. A notable feature of COVID-19’s course is that early outbreaks occurred primarily in middle- and high-income countries, so evidence and policy guidance have been tailored for these contexts. Policymakers will need to reevaluate these approaches as the disease progresses to poor countries. Even if the ultimate objective remains protecting the quality and extent of human life everywhere, effective intermediate goals and policy approaches are context-dependent, modulated by factors like health care capacity, poverty levels, government capacity, economic informality, and the prevalence of high-density, low-infrastructure living conditions. Continue reading