Covid-19 has wreaked havoc in Latin America and the Caribbean. It has killed hundreds of thousands of people, destroyed livelihoods and is provoking a deep economic crisis. The New Year is a good time to take stock and try to understand the economics of the crisis. The new year may start with a hangover: The response to the crisis may leave three issues overhanging. In … [Read more...] about On the Macroeconomics of Covid-19 and the Risks That Will Be Left in its Wake
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The Young Fare Better with Covid-19. But in Latin America the Reality Is More Nuanced
The risk of dying from Covid-19 is significantly lower for young and middle-aged adults than for the elderly. The fact that Latin America’s population is younger relative to high-income regions would suggest that age-based prioritization of vaccine delivery, targeted confinement, and other policies targeting those most at risk of developing serious … [Read more...] about The Young Fare Better with Covid-19. But in Latin America the Reality Is More Nuanced
The New GDLab Takes on Discrimination and Inequality
Latin America and the Caribbean is one of the most unequal regions of the world, with the richest 10% of the population earning 22 times more than the poorest 10%. Inequalities in the region stem in part from cultural origin, gender, ethnicity, and sexual orientation and are deeply rooted in history and social norms. While poverty-reduction policies that target income … [Read more...] about The New GDLab Takes on Discrimination and Inequality
Communicating Better in the Covid-19 Era
Covid-19 is still spreading rapidly on a global level, with more than 11.4 million cases and 407,000 deaths in Latin America and the Caribbean alone as of early November. This is happening despite the imposition of strict mobility restrictions and other constraints, like mask wearing and school closings. Indeed, in Argentina, with some of the most rigorous restrictions as … [Read more...] about Communicating Better in the Covid-19 Era
Not the Usual Recession: Why Inequality after Covid-19 May Get a Lot Worse
It is tempting to view the severe economic downturn of the Covid-19 pandemic through the same lens as other recessions that have struck Latin American and the Caribbean over the last three decades. Most of those previous events, after all, led to increases in poverty and unemployment, much as the current crisis has done. But when it comes to inequality, one of the region's most … [Read more...] about Not the Usual Recession: Why Inequality after Covid-19 May Get a Lot Worse