August 3, 2020 — The Covid-19 pandemic has had differentiated impacts across countries. This is true even among the set of Emerging Market and Developing Economies (EMDEs), which share the disadvantages of more poverty, less adequate health care, and fewer jobs that can be done remotely, compared to Advanced Economies.
Differentiation across continents
Surprisingly, the rates of infection and death have so far been lower in most EMDEs than in the US and Europe, as pointed out by Pinelopi Goldberg and Tristan Reed, and by Raghuram Rajan. Undercounting is undoubtedly massive, however. Furthermore, the situation is evolving rapidly.