Roland Kupers –
Policymakers should look beyond mainstream economics and engage with people who understand complex systems, in the same way that they listen to epidemiologists and doctors during a pandemic, argues Roland Kupers.
M. Chatib Basri and Rema N. Hanna
and Benjamin A. Olken –
Many developing countries have long maintained fuel subsidies because they are politically impossible to abandon, owing to the sticker shock that the public encounters at the pump as soon as prices are floated. But now that oil prices have reached historic lows, this problem has all but disappeared.
Pamela Coke-Hamilton –
Small island developing states are most vulnerable to the impact of Covid-19 on tourism not only because they are highly dependent on tourism, but also because any shock of such magnitude is difficult to manage for small economies.
Although Covid-19 does not affect all equally, it does confirm the axiom that, in today’s interconnected world, global challenges require global solutions. The only way to build a safer post-Covid world is to ensure that Africa is not left behind.