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COVID-19 and Global Poverty: Are LDCs Being Left Behind?

European journal of development research, 2020-12, Vol.32 (5), p.1535-1557 [Peer Reviewed Journal]

European Association of Development Research and Training Institutes (EADI) 2020 ;European Association of Development Research and Training Institutes (EADI) 2020. ;ISSN: 0957-8811 ;EISSN: 1743-9728 ;DOI: 10.1057/s41287-020-00314-8 ;PMID: 33100600

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  • Title:
    COVID-19 and Global Poverty: Are LDCs Being Left Behind?
  • Author: Valensisi, Giovanni
  • Subjects: Coronaviruses ; COVID-19 ; Developing countries ; Development and Social Change ; Development Economics ; Development Policy ; Development Studies ; Fallout ; LDCs ; Pandemics ; Poverty ; Social Sciences ; Special Issue ; Special Issue Article ; Sustainable development
  • Is Part Of: European journal of development research, 2020-12, Vol.32 (5), p.1535-1557
  • Description: The paper provides a preliminary assessment of COVID-19’s impact on global poverty in the light of IMF’s growth forecasts. It shows that the pandemic will erode many of the gains recorded over the last decade in terms of poverty reduction. Our baseline case suggests that globally the number of people living below US$1.90 per day will increase by 68 million in 2020 alone; this rise could however approach 100 million, should the recession turn out to be more severe than initially expected, as many practitioners fear. Without effective international support, this setback will pose a critical threat to the achievement of the United Nations 2030 Agenda for Sustainable Development. The fallout from the pandemic will also exacerbate the geographic concentration of poverty, to the extent that the Least Developed Countries, with only 14% of the global population, are set to represent the main locus of extreme poverty worldwide.
  • Publisher: London: Palgrave Macmillan UK
  • Language: English
  • Identifier: ISSN: 0957-8811
    EISSN: 1743-9728
    DOI: 10.1057/s41287-020-00314-8
    PMID: 33100600
  • Source: ProQuest Central

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