Developing countries unlock key industries to safeguard earnings and jobs [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Developing countries unlock key industries to safeguard earnings and jobs (Reuters) - From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow. This tentative unlocking highlights the balancing act for developing nations as they seek to protect their people while averting an economic collapse some fear could do more damage than the disease itself. While academic study of COVID-19 containment policies is in its infancy, one model by Yale economists argues social distancing measures deliver far fewer benefits, at much greater economic cost, in poorer countries. “They’re battling competing tensions. It’s being framed as lives versus livelihoods,” said Ronak Gopaldas, director of Africa-focused consultancy Signal Risk. Unlike wealthier economies, developing countries cannot afford to spend trillions of dollars protecting people and businesses from the
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