The risk of rich countries neglecting poorer ones during the pandemic
The effects of the outbreak there are legion: Hundreds of millions of migrant and day laborers have already lost or will lose their livelihoods with little recourse to state aid. The flow of migrant remittances — a vital economic lifeline for many developing countries — is expected to thin dramatically. And cash-strapped governments won’t be able to fill the breach.
Global poverty is expected to increase this year for the first time in more than two decades. A recent analysis from the World Bank predicted that the coronavirus will push some 49 million people into poverty just in sub-Saharan Africa and South Asia. Another study projected that the pandemic could grow global poverty by as much as half a billion people — that is, the immiseration of 8 percent of humanity in a matter of months.