Answer to Question #121344 in Macroeconomics for Vanessa

Question

Although the outbreak of the covid-19 has had adverse impact on the most economies, policy makers believe if is an opportunity developing countries to build their economies . To what extent do you agree with this statement ??

Answer 1

I totally agree with this argument because the crisis has offered a unique opportunity for developing countries to make politically challenging investments in sectors and industries with the greatest potential for long term job creation and growth.This has been boosted by the fact that most developing countries have recieved loans from world bank and IMF .

The covid 19 pandemic has tested the resilience of developing countries. On the other hand it has provided the opportunity to sharpen awareness of structural vulnerabilities and weaknesses, it has also built consensus and galvanize action on needed reforms and investments that not only accelerate recovery but also support longer-term development