Eight new development challenges triggered by Covid-19!
Eight new development challenges triggered by Covid-19!
1.The threat to the
globalization of connectivity and people's mobility through air transport.
2.High deficiencies
in the financing, efficiency, quality, and equity will decrease access to the healthcare system (have to invest significantly in their healthcare systems and
infrastructure in the coming days)
3. Exposure of
numerous institutional challenges and barriers in managing the health crisis
mostly in developing countries.
4. High trade-off
and high opportunity costs for poor households will invite a long-term negative
inter-generational impact.
5. Institutional
reforms are vital to ensure the formulation and implementation of a broad,
comprehensive, and just public policies.
6. Decade-long
achievements in poverty reduction, inequality, etc. are in threat. So achieving
long-term development targets, especially those under the SDGs (by 2030), has
become uncertain.
7. Economic
recovery in many developing countries remains contingent on the availability of
reliable Covid-19 vaccines, among other factors.
8. The crisis has
created a new normal, new production process, and changed lifestyles. Covid-19
has sped up the process of integrating virtual life with so many online
platforms and IT-based services into people's regular life. But, access and
opportunities from these new features are unequal in most countries.
The article is originally written by Dr. Selim Raihan (Dr. Selim is a professor at the Department of Economics, University of Dhaka, and Executive Director, South Asian Network on Economic Modeling (SANEM).
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