What the Future Holds: COVID-19 and the Global Economy

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What the Future Holds: COVID-19 and the Global Economy

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Resham Thapa

Most of the demand-side policies, a flagship prescription and support/assistance from the WB, are in stake in Global South. The resource-poor transition economies are hit hard due to COVID-19. Those economies have a low level of borrowing relative to advanced economies where the debt relief is generally prescribed. In this context, are there any possibilities to increase the development assistance into those counties in transition?
Wed, 07/22/2020 - 11:34
Torie Smith

Speaking on the relationship between technology and productivity growth, Martin notes that "we can see the digital revolution everywhere but not in productivity statistics." What do new technologies mean for EMDEs? At the moment, they seem to be a double-edged sword, he says.
Wed, 07/22/2020 - 11:39
Jane KZ

I want to thank Martin Wolf for the realistic "double edged sword" view of new technologies for developing countries. If labor intensive, export oriented manufacturing becomes more automated, emerging market countries with a "new middle class" could be vulnerable to the same factors that have driven increasing income inequality in the US. What are the new industries that can support/create middle class jobs in all countries?
Wed, 07/22/2020 - 11:39
Dan Boyce

When it comes to stimulating demand, isn't it a big problem that we actually don't want to stimulate demand in the sectors that are hit the most, like travel and restaurants? Do we need to keep those industries afloat or just focus on supporting the poor and unemployed to pay for their basic essentials? Or should governments be focusing more on making "leapfrogging" investments rather than supporting consumption?
Wed, 07/22/2020 - 11:40
Xavier Furtado

There has been a lot of discussion around how the World Bank can support ‘building back better’. This is often interpreted as supporting green infrastructure, solar energy, new technologies, etc. But building back better can also include doing more/better in terms of human capital, increasing women’s participation in the labour force, etc. Does Martin have any thoughts on this?
Wed, 07/22/2020 - 11:44

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