The Economic Impact of COVID-19 on Developing Countries – Part 2

What is likely to be the impact of the COVID-19 pandemic on developing economies? In the first of this two part article  we looked at possible short term disruptions and discussed actions by the private sector and Governments.

The Economic Impact of COVID-19 on Developing Countries

What is likely to be the impact of the COVID-19 pandemic on developing economies? It is difficult to make predictions, because much will depend on the spread of the disease, especially in Africa, Latin America, Asia and the Middle East, and the measures various Governments will take in the coming weeks and months. 

Improving Development Impact

Most developing countries have good policies, programmes and projects in place. Many of these have been prepared with assistance from development partners or international financing institutions such as the World Bank, the regional development banks, the UN agencies or bilateral aid agencies. Most of these are of high quality and have gone through intensive review and quality control.  The major challenge is to effectively implement these policies, programmes and projects. Unfortunately this does not often happen and leads to huge lost opportunities. This is particularly the case in the poorest countries, many of which are conflict affected. 

What Should FAO’s New Director General Focus on?

On 23 June 2019 Mr Qu Dongyu of China was elected as the new Director General of the Food and Agriculture Organization. FAO is one of the largest UN specialized agencies with a budget for 2018-19 of  US$2.5  billion,  offices in over 130 countries and more than 11,000 employees.  

Liberalism and Developing Countries

As China rapidly replaces Europe and the USA as the key player in developing countries, the Western press is full of articles about the dangers of dealing with the Chinese.

Lessons From China: Fostering Agricultural Growth and Poverty Reduction

As China has moved from a poor isolated country to a major player in the world economic and political sphere, developing countries need to learn how to engage.  

China and Developing Countries: Managing Chinese Investments

Fifty years ago China was a poor country with little influence in the international sphere and without even a seat at the United Nations. Since then rapid economic growth in China has made it an economic powerhouse that increasingly plays a leading role on the world stage as a trade partners as well as a source of investment.

The Rohingya – The Forgotten Genocide of Our Time

The Rohingya are a minority community living in Rakhine State in Myanmar. The Muslim Rohingya are considered intruders into Buddhist Myanmar - illegal immigrants from bordering Bangladesh. They have been always discriminated against, looked down upon, ostracized, and denied any civil and judicial rights.

Pakistan: Food Security and Reducing the Price of Wheat

Robert W. Fogel, the 1993 Nobel Prize Laureate for Economics, through his work on “efficiency wages”, pointed out that hungry and undernourished workers are not as productive as well fed and healthy workers.   At the level of an individual firm, it would thus make sense for an employer to pay wages that are high enough to allow workers access to food and other necessities – even if such wages are higher than the going market rate.

Sufi Shrines: Public-private Partnership to Improve Food Security and Nutrition

The new government in Pakistan has now been in office for over 100 days and has started work on its reform and socio-economic agenda. There is a growing realization that being in government is far more difficult than it first appeared, and that in order to move forward there is an urgent need to build national and international partnerships.

Considerations for Pakistan’s New Minister for National Food Security and Research

Despite the fact that Pakistan’s industrial and services sector continue to grow in importance, what happens in the agriculture sector remains critical to the performance of Pakistan’s economy and the wellbeing of its people.