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Society, Economy and Development During the COVID-19 Pandemic: Lesson for Emerging Economies
By Lovelina Little Flower FX, Sigamani Panneer, Hilaria Soundari, Lekha Bhat, Tresa Sugirtha J, Santhosh JS, Mhadeno Y Humtsoe, Vigneshwaran S A, Jeya Baskaran S and Samuel Paul Raj
The unprecedented COVID-19 pandemic impacted with multidimensional crisis has disrupted the functioning of the society, devastated global economy and has debilitated development. The appalling implications varied from country to country depending on their economy, health infrastructure, and socio-political factors. This in turn has also reflected on their responses to the pandemic where a few have fared well and some have catastrophically failed. The challenges are projected to be much severe for the emerging economies with large populations, inadequate health infrastructure, economic instability and inequalities. International bodies such as World Bank, ILO and UN have predicted the socio-economic consequences of the pandemic for the emerging economies in terms of poverty, increasing unemployment, gender inequality and issues affecting the vulnerable groups. This scenario makes it inevitable to analyze the responses of those countries that have successfully managed the challenges and build effective strategies for the future based on the lessons learnt.
Source:SSRN
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