The coronavirus has struck the world’s most powerful economies first, leading countries in Europe, North America and East Asia to carry out an array of strategies to help control its spread. But as the virus picks up speed across the global south, those policies may not be applicable there. Low- and middle-income countries like Bangladesh, Pakistan, Indonesia and Nigeria should not blindly follow strategies that are sensible for richer nations.
Europe, the United States and Canada can offset the economic losses caused by social-distancing policies with stimulus payments to businesses and individuals. China can mobilize the power of its state apparatus to enforce compliance with lockdown orders.… Seguir leyendo »