How COVID-19 Will Increase Inequality in Emerging Markets and Developing Economies

2020-10-30T15:49:14-04:00October 29, 2020|

By Gabriela Cugat and Futoshi Narita

عربي, 中文, Español, Français, 日本語, Português, Русский 

Emerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now puts much of that progress at risk while further widening the gap between rich and poor.

Despite the pre-pandemic gains in poverty reduction and lifespans, many of these countries have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., those not in employment, education, or training), wide inequality in education, and large gaps remaining in economic opportunities for women. COVID-19 is expected to make inequality even worse than past crises since measures to contain the pandemic have had disproportionate effects on vulnerable workers and women.

As part of our latest World Economic Outlook we explore two facts about the current pandemic to estimate its effect on inequality: a person’s ability to work from home and the drop in GDP expected for most countries in the world.

The impact of where you work

First, the ability to work from home has been key during the pandemic. A […]

Fiscal Policies For Women’s Economic Empowerment

2020-02-19T15:04:00-05:00February 18, 2020|

By Stefania Fabrizio, Daniel Gurara and Lisa Kolovich

Making sure that opportunities to enter the workforce are fair and rewarding for women benefits everyone. Yet, the average female workforce participation rate across countries is still 20 percentage points lower than the male rate, largely because gender gaps in wages and access to opportunities, such as education, stubbornly persist. […]

Give Today’s Children a Chance

2019-03-13T14:06:23-04:00September 24, 2018|

By  Christine Lagarde and Vitor Gaspar

September 24, 2018

عربي, 中文, Español, Français, Baˈhasa indoneˈsia, 日本語PortuguêsРусский

Children in early childhood education in Indonesia: more money put into education helps countries achieve their Sustainable Development Goals (Photo: Ajun-Ally/Pacific Press/Newscom)

World leaders are gathering at the United Nations to discuss how to deliver on development for all that is economically, socially, and environmentally sustainable—“The 2030 Agenda for Sustainable Development,” and its 17 Sustainable Development Goals (SDGs). […]

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