The Economics of the COVID-19 Pandemic in Poor Countries

The COVID-19 pandemic has upended health and living standards around the world. This article provides an interim overview of these effects, with a particular focus on low- middle-income countries (LMICs). Economists have explained how is likely to different consequences for LMICs demands distinct policy responses compared those rich countries. We survey rapidly expanding body empirical research that documents pandemic's many adverse economic noneconomic effects in terms standards, education, health, gender equality, which appear be unprecedented scope scale. also review successful failed responses, including failure ensure widespread vaccine coverage LMICs, needed end pandemic. close discussion implications public institutions international governance, given likelihood future pandemics other major shocks (e.g., climate).