Tag Archives | global responses
Economics, Health, Social development and protection
Economics, Health, Social development and protection
Economics, Health, Social development and protection
How should ASEAN and ASEAN+3 respond to the COVID-19 crisis?
The Association of Southeast Asian Nations (ASEAN) and its bigger counterpart ASEAN+3, comprising the 10 ASEAN members and the People’s Republic of China, Japan, and the Republic of Korea (ROK), have been slow to respond to the COVID-19 pandemic. While they have been strenuously ramping up their efforts, more needs to be done, and quickly. There are many things they can do immediately, such as employing their machinery to increase consultation and cooperation to curb contagion—both medical and economic—and limit beggar-thy-neighbor policies.
The tip of the iceberg for COVID-19 cases in developing Asia?
The number of COVID-19 cases in many Asian developing countries is surprisingly low, but this may simply reflect inadequate levels of testing. The high correlation between rates of testing and per capita GDP strongly suggests that lower-income countries face a number of barriers to carrying out adequate testing. This raises the risk of rapid increases in infection rates in the future and points to the need for support for additional testing, as well as for increases in medical spending and general fiscal measures.
Global stimulus to fight the COVID-19 pandemic
The COVID-19 pandemic has quickly become a severe global crisis, with a drastic spread in less than 2 months and shifts in its epicenter. Almost 1 million people have been infected with the virus around the world, and the number of deaths has shot up rapidly and continues to grow.
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