Op-Ed: Coronavirus will hit emerging markets with devastating force
Migrant workers head to their homes on the third day of the national lockdown imposed by Prime Minister Narendra Modi to curb the spread of Coronavirus COVID-19 , at Anand Vihar bus terminal, on March 27, 2020 in New Delhi, India.
Raj K Raj | Hindustan Times via Getty Images
With apologies to the great hockey player Wayne Gretzky, the world should follow the (paraphrased) advice given to him by his father in tackling the global pandemic of COVID-19: “Skate to where the pathogen is going, and not to where it has been.”
In short, developed countries – even as they act to save themselves – must shift far greater public health and economic attention to fragile states and emerging markets, where the hit from the virus is likely to be far more devastating, destabilizing, and enduring.
It’s for that reason that the …continued .
[Source: CNBC News]