What the Global Pandemic Response Is Missing
While developing countries' debt levels have received ample attention in recent months, little has been said about a more immediate problem: their inability to acquire the medical supplies needed to fight COVID-19. To minimize the negative impact, a non-market allocation mechanism must be quickly established.
WASHINGTON, DC – After ravaging the developed world, COVID-19 is now devastating developing and emerging-market countries, most of which lack the medical and financial capacity to combat the pandemic and its economic effects.