Economic Policy for a Pandemic Age

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327425
Total Pages : 149 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Economic Policy for a Pandemic Age by : Monica de Bolle

Download or read book Economic Policy for a Pandemic Age written by Monica de Bolle and published by Peterson Institute for International Economics. This book was released on 2021-04-05 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global health and economic threats from the COVID-19 pandemic are not yet behind us. While the development of multiple safe and highly effective vaccines in less than a year is cause for hope, several significant dangers to recovery of global health and income are still clear and present: New concerning variants of SARS-CoV-2, the virus that causes COVID-19, continue to emerge at an alarming rate in different parts of the world; at the same time, vaccine rollouts have been shockingly inefficient even in some rich countries, while much of the developing world waits in line behind them for vaccines to arrive. The Briefing covers several policy areas in which cooperative forward-looking policy action will materially improve our chances of truly escaping today's pandemic and making future pandemics less costly.

COVID-19 Pandemic - E-Book

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Author :
Publisher : Elsevier Health Sciences
ISBN 13 : 0323828612
Total Pages : 255 pages
Book Rating : 4.3/5 (238 download)

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Book Synopsis COVID-19 Pandemic - E-Book by : Jorge Hidalgo

Download or read book COVID-19 Pandemic - E-Book written by Jorge Hidalgo and published by Elsevier Health Sciences. This book was released on 2021-05-29 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a broad, global view of all aspects related to preparation for and management of SARS-CoV2, COVID-19 Pandemic: Lessons from the Frontline explores and challenges the basis of knowledge, the transmission of information, and the preparation and epidemiology tactics of healthcare systems worldwide. This timely and provocative volume presents real-world viewpoints from leaders in different areas of health management, who address questions such as: What will we do differently if another pandemic comes? Have we learned from our mistakes? Can we do better? This practical, wide-ranging approach also covers the problem of contrasting sources, health system preparedness, effective preparation of and protection offered to individual healthcare professionals, and the human tragedy surrounding the pandemic. - Offers a global perspective on how the COVID-19 pandemic was handled, things that went wrong, and things that could be done differently in the future. - Covers multiple aspects of the pandemic, including disaster preparedness; perspectives from patients, families, and healthcare providers; inequity of medical resources; risk exposure on the frontline; government decision making; lockdowns; the role of politics; the burden of COVID-19 in various countries worldwide; and future directions. - Reflects on the role of professional societies and NGOs in advising governments and supranational organizations. - Features a diverse list of contributors, including health decision makers and frontline healthcare personnel.

COVID-19 and the Structural Crises of Our Time

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Author :
Publisher : ISEAS-Yusof Ishak Institute
ISBN 13 : 9814951811
Total Pages : 199 pages
Book Rating : 4.8/5 (149 download)

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Book Synopsis COVID-19 and the Structural Crises of Our Time by : Lim Mah-Hui

Download or read book COVID-19 and the Structural Crises of Our Time written by Lim Mah-Hui and published by ISEAS-Yusof Ishak Institute. This book was released on 2021-11-22 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: “We live in paradoxical times. Traditionally, the West has led the world in theory and practice. Yet, recent developments, from COVID-19 to the storming of the US Capitol, show how lost the West has become. This loss of direction has deep roots. In their usual thoughtful and incisive fashion, Lim Mah-Hui and Michael Heng Siam-Heng, draw out the deeper origins of our current crises and show us a new way forward. A must-read for anyone who wants to understand our strange times." -- Kishore Mahbubani, founding Dean of the Lee Kuan Yew School of Public Policy, National University of Singapore, is the author of Has China Won? “A powerful and compelling critique of neoliberal globalization and its potentially devastating, but long underestimated, consequences for financial stability, the environment, social equity and democracy. COVID-19 has laid bare these dysfunctions and stresses. But this is not a pessimistic book. The authors argue, correctly, that we may be on the cusp of another Great Transformation. The choices we make today to make markets more resilient, improve social protection, and preserve our freedoms could lay the foundations for a sustainable globalization that works for future generations.” -- Donald Low, Professor of Practice in Public Policy and Director of the Institute for Emerging Market Studies, Hong Kong University of Science and Technology “This fascinating book highlights the interplay between financial and health crises that the COVID-19 pandemic exposed. Financialized capitalism is bad for the planet, bad for human health, and creates more unequal and insecure societies. The authors make a strong and convincing case for re-embedding markets into society and finance into the real economy.” --Jayati Ghosh, Professor of Economics, University of Massachusetts at Amherst, USA “Lim and Heng’s ambitious volume argues that 2020 was the year of the global ‘perfect storm’ of multiple crises, with the COVID-19 pandemic exacerbating financial, economic, socio-political and environmental breakdowns. They extend Karl Polanyi’s original insights to appeal for a sustainable global New Deal. While the reader may not agree with all their theses, the scope of their coverage and ambition will set the stage for debates over the annus horribilis.” -- Jomo K.S., Founder-chair, IDEAS www.network.ideas; former United Nations Assistant Secretary General "This book provides plenty of food for thought for many pondering if the COVID-19 crisis could lead to a major transformation of the global economic system shaped by unfettered market forces and policies of governments in their service."-- Yilmaz Akyuz, former Director, UNCTAD, Geneva

After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513587900
Total Pages : 23 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage by : Mr. Philip Barrett

Download or read book After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage written by Mr. Philip Barrett and published by International Monetary Fund. This book was released on 2021-07-30 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.

Global Productivity

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Economic and fiscal outlook

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780101797924
Total Pages : 164 pages
Book Rating : 4.7/5 (979 download)

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Book Synopsis Economic and fiscal outlook by : Office for Budget Responsibility

Download or read book Economic and fiscal outlook written by Office for Budget Responsibility and published by The Stationery Office. This book was released on 2010-11-29 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.

Covid-19 Pandemic and Economic Development

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Author :
Publisher : Springer Nature
ISBN 13 : 981164442X
Total Pages : 322 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Covid-19 Pandemic and Economic Development by : Sukhpal Singh

Download or read book Covid-19 Pandemic and Economic Development written by Sukhpal Singh and published by Springer Nature. This book was released on 2021-09-27 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the pre-Covid-19 and post-Covid-19 situation and public policy measures needed to revive the economy in the light of the recent initiatives by the state government, including a committee to suggest post-Covid-19 revival strategy. This collection of essays by specialized author/s in her/his/their area of research examines the impact of Covid-19 in the larger context of economic and developmental context of Punjab, ranging from basic developmental transformation analysis to the specific policy issues in each sector and policy domain, including the larger developmental crisis in the context of the regional economy and society of Punjab. The sectors analysed include: agriculture including dairy sector and agricultural markets, industry, services, education, health, besides fiscal, banking, diaspora, gender, governance, and sustainability challenges the state economy faces. It dwells on sector specific issues as well as ways forward for betterment of livelihoods of those engaged, especially farmers and industrial and service sector informal workers.

Economics in One Virus

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Author :
Publisher : Cato Institute
ISBN 13 : 1952223075
Total Pages : 321 pages
Book Rating : 4.9/5 (522 download)

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Book Synopsis Economics in One Virus by : Ryan A. Bourne

Download or read book Economics in One Virus written by Ryan A. Bourne and published by Cato Institute. This book was released on 2021-04-07 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." —Tyler Cowen, Holbert L. Harris Chair of Economics at George Mason University and coauthor of the blog Marginal Revolution Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress? Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, those uninitiated in economics will be given a crash-course in the subject through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns. After digesting this highly readable, fast-paced, and provocative virus-themed economic tour, readers will be able to make much better sense of the events that they've lived through. Perhaps more importantly, the insights on everything from the role of the price mechanism to trade and specialization will grant even those wholly new to economics the skills to think like an economist in their own lives and when evaluating the choices of their political leaders.

Foreign Exchange Value of the Dollar

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Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Foreign Exchange Value of the Dollar by :

Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic Effects of COVID-19 Containment Measures

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Author :
Publisher :
ISBN 13 : 9781513550251
Total Pages : 44 pages
Book Rating : 4.5/5 (52 download)

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Book Synopsis The Economic Effects of COVID-19 Containment Measures by : Pragyan Deb

Download or read book The Economic Effects of COVID-19 Containment Measures written by Pragyan Deb and published by . This book was released on 2020-08-07 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity--equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.

Shutdown

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Publisher : Penguin
ISBN 13 : 0593297563
Total Pages : 369 pages
Book Rating : 4.5/5 (932 download)

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Book Synopsis Shutdown by : Adam Tooze

Download or read book Shutdown written by Adam Tooze and published by Penguin. This book was released on 2021-09-07 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book’s great service is that it challenges us to consider the ways in which our institutions and systems, and the assumptions, positions and divisions that undergird them, leave us ill prepared for the next crisis."—Robert Rubin, The New York Times Book Review "Full of valuable insight and telling details, this may well be the best thing to read if you want to know what happened in 2020." --Paul Krugman, New York Review of Books Deftly weaving finance, politics, business, and the global human experience into one tight narrative, a tour-de-force account of 2020, the year that changed everything--from the acclaimed author of Crashed. The shocks of 2020 have been great and small, disrupting the world economy, international relations and the daily lives of virtually everyone on the planet. Never before has the entire world economy contracted by 20 percent in a matter of weeks nor in the historic record of modern capitalism has there been a moment in which 95 percent of the world's economies were suffering all at the same time. Across the world hundreds of millions have lost their jobs. And over it all looms the specter of pandemic, and death. Adam Tooze, whose last book was universally lauded for guiding us coherently through the chaos of the 2008 crash, now brings his bravura analytical and narrative skills to a panoramic and synthetic overview of our current crisis. By focusing on finance and business, he sets the pandemic story in a frame that casts a sobering new light on how unprepared the world was to fight the crisis, and how deep the ruptures in our way of living and doing business are. The virus has attacked the economy with as much ferocity as it has our health, and there is no vaccine arriving to address that. Tooze's special gift is to show how social organization, political interests, and economic policy interact with devastating human consequences, from your local hospital to the World Bank. He moves fluidly from the impact of currency fluctuations to the decimation of institutions--such as health-care systems, schools, and social services--in the name of efficiency. He starkly analyzes what happened when the pandemic collided with domestic politics (China's party conferences; the American elections), what the unintended consequences of the vaccine race might be, and the role climate change played in the pandemic. Finally, he proves how no unilateral declaration of 'independence" or isolation can extricate any modern country from the global web of travel, goods, services, and finance.

Pandemic Exposures

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Author :
Publisher : Hau
ISBN 13 : 9781912808809
Total Pages : 350 pages
Book Rating : 4.8/5 (88 download)

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Book Synopsis Pandemic Exposures by : Fassin Didier

Download or read book Pandemic Exposures written by Fassin Didier and published by Hau. This book was released on 2021-11 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: An illuminating, indispensable analysis of a watershed moment and its possible aftermath. For people and governments around the world, the onset of the COVID-19 pandemic seemed to place the preservation of human life at odds with the pursuit of economic and social life. Yet this naive alternative belies the complexity of the entanglements the crisis has created and revealed not just between health and wealth but also around morality, knowledge, governance, culture, and everyday subsistence. Didier Fassin and Marion Fourcade have assembled an eminent team of scholars from across the social sciences to reflect on the myriad ways SARS-CoV-2 has entered, reshaped, or exacerbated existing trends and structures in every part of the globe. The contributors show how the disruptions caused by the pandemic have both hastened the rise of new social divisions and hardened old inequalities and dilemmas. An indispensable volume, Pandemic Exposures provides an illuminating analysis of this watershed moment and its possible aftermath.

The Human Capital Index 2020 Update

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464816476
Total Pages : 301 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Human Capital Index 2020 Update by : World Bank

Download or read book The Human Capital Index 2020 Update written by World Bank and published by World Bank Publications. This book was released on 2021-05-05 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human capital—the knowledge, skills, and health that people accumulate over their lives—is a central driver of sustainable growth, poverty reduction, and successful societies. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies. Much of the hard-won human capital gains in many economies over the past decade is at risk of being eroded by the COVID-19 (coronavirus) pandemic. Urgent action is needed to protect these advances, particularly among the poor and vulnerable. Designing the needed interventions, targeting them to achieve the highest effectiveness, and navigating difficult trade-offs make investing in better measurement of human capital now more important than ever. The Human Capital Index (HCI)—launched in 2018 as part of the Human Capital Project—is an international metric that benchmarks the key components of human capital across economies. The HCI is a global effort to accelerate progress toward a world where all children can achieve their full potential. Measuring the human capital that children born today can expect to attain by their 18th birthdays, the HCI highlights how current health and education outcomes shape the productivity of the next generation of workers and underscores the importance of government and societal investments in human capital. The Human Capital Index 2020 Update: Human Capital in the Time of COVID-19 presents the first update of the HCI, using health and education data available as of March 2020. It documents new evidence on trends, examples of successes, and analytical work on the utilization of human capital. The new data—collected before the global onset of COVID-19—can act as a baseline to track its effects on health and education outcomes. The report highlights how better measurement is essential for policy makers to design effective interventions and target support. In the immediate term, investments in better measurement and data use will guide pandemic containment strategies and support for those who are most affected. In the medium term, better curation and use of administrative, survey, and identification data can guide policy choices in an environment of limited fiscal space and competing priorities. In the longer term, the hope is that economies will be able to do more than simply recover lost ground. Ambitious, evidence-driven policy measures in health, education, and social protection can pave the way for today’s children to surpass the human capital achievements and quality of life of the generations that preceded them.

2021 Global food policy report: Transforming food systems after COVID-19: Synopsis

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896294013
Total Pages : 8 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis 2021 Global food policy report: Transforming food systems after COVID-19: Synopsis by : International Food Policy Research Institute (IFPRI)

Download or read book 2021 Global food policy report: Transforming food systems after COVID-19: Synopsis written by International Food Policy Research Institute (IFPRI) and published by Intl Food Policy Res Inst. This book was released on 2021-04-13 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus pandemic has upended local, national, and global food systems, and put the Sustainable Development Goals further out of reach. But lessons from the world’s response to the pandemic can help address future shocks and contribute to food system change. In the 2021 Global Food Policy Report, IFPRI researchers and other food policy experts explore the impacts of the pandemic and government policy responses, particularly for the poor and disadvantaged, and consider what this means for transforming our food systems to be healthy, resilient, efficient, sustainable, and inclusive. Chapters in the report look at balancing health and economic policies, promoting healthy diets and nutrition, strengthening social protection policies and inclusion, integrating natural resource protection into food sector policies, and enhancing the contribution of the private sector. Regional sections look at the diverse experiences around the world, and a special section on finance looks at innovative ways of funding food system transformation. Critical questions addressed include: - Who felt the greatest impact from falling incomes and food system disruptions caused by the pandemic? - How can countries find an effective balance among health, economic, and social policies in the face of crisis? - How did lockdowns affect diet quality and quantity in rural and urban areas? - Do national social protection systems such as cash transfers have the capacity to protect poor and vulnerable groups in a global crisis? - Can better integration of agricultural and ecosystem polices help prevent the next pandemic? - How did companies accelerate ongoing trends in digitalization and integration to keep food supply chains moving? - What different challenges did the pandemic spark in Asia, Africa, and Latin America and how did these regions respond?

The Deficit Myth

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Author :
Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis The Deficit Myth by : Stephanie Kelton

Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Capital Failure

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Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0198712227
Total Pages : 433 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Capital Failure by : Nicholas Morris

Download or read book Capital Failure written by Nicholas Morris and published by Oxford University Press, USA. This book was released on 2014 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that the trust-intensive nature of the financial services industry makes it essential to rebuild trustworthiness in the provision of financial services. It considers the lack of trust that emerged following deregulation of the financial sector and examines what is needed to rebuild trustworthiness.

The Long Shadow of Informality

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464817545
Total Pages : 397 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.