Development in the Global South at Risk: Economic and Social Effects of the COVID-19 Pandemic in Developing Countries

Reducing poverty and improving equity
Posted Sep 27, 2021 | Austrian Foundation for Development Research, Gabriele Tondl

With young populations, insufficient health infrastructure and poor public administrative structures, developing countries (DCs) are experiencing problems in containing the spread of the COVID-19 pandemic. With a large informal sector, unstable employment contracts and little public social support, DC populations have been hard hit by income losses and rising poverty. In this article by the Austrian Foundation for Development Research, Gabriele Tondl discusses three issues: What are the prospects of DCs to prevent further waves of COVID-19; why has the pandemic hit the economies of DCs so hard; and will poverty and human tragedy ruin the prospect of future development?  She suggests that to mitigate these hardships, DCs will need well-designed assistance from the Global North and from international institutions.


https://www.oefse.at/fileadmin/content/Downloads/Publikationen/Workingpaper/WP65_COVID19.pdf

 

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