Answer to Question #209384 in Microeconomics for maphula ngwenya

Question

Critically discuss the positive and negative impact of covid-19 on a developing country economy

Answer 1

The positive impact of covid-19 on a developing country's economy includes increased unity and social cohesion among the developing countries to deal with the pandemic, which has led to improved medical systems in the countries. The challenges involve losing knowledge and experience through deaths, disruption of production, high rates of employment, and high economic recession.