Spotlight: Econ Op-eds in Summary (Week ended 27th May '20)
1. Investments and outcomes
By: Daily FT
· In addition to the economic impact, it is believed that COVID-19 will result in the first ever decline in the Human Development Index since its introduction. This is due to a combination of the pandemic’s death toll, contraction in global GDP and a spike in the “effective-out-of-school-rate” for primary-school students.
· Second order effects on women and gender equality are also concerning. Further, it is expected that the pandemic will have a greater impact on developing economies that face more fiscal constraints. In this context, prioritising soft infrastructure will help bridge inequality.
· Policymakers must prioritise investments to address these issues as opposed to infrastructure projects. UNDP recommends 5 priority steps coming under healthcare, social protection, protection of jobs and small businesses and inclusive macroeconomic policies for this purpose.
(Compiled by: Chayu Damsinghe)
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