Insights by CDP members on the COVID-19 crisis
The Committee for Development Policy (CDP) is a subsidiary body of the Economic and Social Council (ECOSOC). Its members are high-ranking academics and experts on different aspects of development from all over the world. Below are activities and texts by CDP members and their co-authors on different aspects of the Covid-19 crisis.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of the United Nations Secretariat. The designations and terminology employed may not conform to United Nations practice and do not imply the expression of any opinion whatsoever on the part of the Organization.
Development Policy and Multilateralism after Covid-19
This document assembles analysis by members of the CDP and co-authors on different angles of the COVID-19 crisis and the challenges and opportunities it presents for development policy and multilateralism.
See the full text here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/CDP-Covid-19-and-Multilateralism.pdf
Jose Antonio Ocampo: Building a Better SDR
Published in Project Syndicate on 5 March 2021
As the IMF prepares for its next large-scale issue of SDRs, the time is ripe for reform. At the top of the list of priorities should be eliminating dual IMF accounting and implementing a more equitable system for determining SDR allocations.
See the fulle article here: https://www.project-syndicate.org/commentary/new-sdr-allocation-calls-for-two-reforms-by-jose-antonio-ocampo-2021-03
Mariana Mazzucato: From Moonshots to Earthshots
Published in Project Syndicate on 3 February 2021
The pandemic has highlighted the cost of neglecting public investment, both in the welfare state and value creation. But the crisis has also created a huge opportunity to pursue industrial policies beyond traditional sectoral and technological silos, and to restore mission-driven governance in the public interest.
See the fulle article here: https://www.project-syndicate.org/commentary/moonshots-earthshots-state-investment-in-the-public-interest-by-mariana-mazzucato-2021-02?barrier=accesspaylog
Mariana Mazzucato: Covid-19 and the Green New Deal
Published in December on the UN SDG Blog
See the blog here: https://www.un.org/development/desa/undesavoice/more-from-undesa/2020/12#50586
Pandemic Discourses: A Global Contagion Demands a Global Perspective, co-edited by CDP member Sakiko Fukuda-Parr. https://www.indiachinainstitute.org/research/pandemic-discourses/
Sakiko Fukuda-Parr: A Pandemic Letter from Tokyo
Published 3 November 2020
See the article here:https://www.indiachinainstitute.org/2020/11/03/a-pandemic-letter-from-tokyo/
The Intersection of Health and Human Rights, podcast from the At a Distance series, featuring Sakiko Fukuda-Parr
See podcast here: https://at-a-distance.simplecast.com/episodes/sakiko-fukuda-parr-the-intersection-of-health-and-human-rights-UtSrE2lZ
Mariana Mazzucato: Capitalism After the Pandemic – Getting the Recovery Right
Published in Foreign Affairs, November/December 2020
See the article here: https://www.foreignaffairs.com/articles/united-states/2020-10-02/capitalism-after-covid-19-pandemic
COVID-19 Briefing Papers by the UCL Institute of Innovation and Public Purpose, directed by Mariana Mazzucato
See the briefing papers here:https://www.ucl.ac.uk/bartlett/public-purpose/coronavirus/iipp-covid-19-briefing-papers
Mariana Mazzucato, with Jim O’Neill, Rebecca Henderson, Eila Kreivi: participation in virtual event 'Can Green Business Be Good Business'
15 October 2020
Link to the event: https://www.project-syndicate.org/videos/can-green-business-be-good-business-the-green-recovery-event
Kevin Gallagher: Why the IMF needs to build on its COVID-19 record, not backtrack Published in Future Development blog, Brookings on 13 October 2020
See the blog here: https://www.brookings.edu/blog/future-development/2020/10/13/why-the-imf-needs-to-build-on-its-covid-19-record-not-backtrack/
Mariana Mazzucato: Capitalism Is Broken. The Fix Begins With a Free Covid-19 Vaccine
Published in New York Times on 8 October 2020
Link to the article: https://www.nytimes.com/2020/10/08/opinion/international-world/capitalism-covid-19-vaccine.html
Mariana Mazzucato, Reda Cherif and Fuad Hasanov: How to End the Pandemic This Year
Published in Project Syndicate on 1 October 2020
While the world waits with bated breath for a safe, effective, widely available COVID-19 vaccine, another option for ending the pandemic has been staring us in the face. A government-led industrial and coordination strategy to achieve universal testing could bring the crisis to an end in a matter of months.
See the full article here: https://www.project-syndicate.org/commentary/universal-testing-to-end-covid19-pandemic-by-reda-cherif-et-al-2020-10
Mariana Mazzucato: Avoiding a Climate Lockdown
Published in Project Syndicate on 22 September 2020
Link to the article: https://www.project-syndicate.org/commentary/radical-green-overhaul-to-avoid-climate-lockdown-by-mariana-mazzucato-2020-09?barrier=accesspaylog
Trudi Hartzenberg and Talkmore Chidede: COVID-19: Lessons for industrial development and policy for Africa
Published in tralac Blog on 3 September 2020
Link to the article: https://www.tralac.org/news/article/14884
Debapriya Bhattacharya and Sarah Sabin Khan: COVID-19: A game changer for the Global South and international co-operation?
Published in OECD Development Matters on 2 September 2020
See the blog here: https://oecd-development-matters.org/2020/09/02/covid-19-a-game-changer-for-the-global-south-and-international-co-operation/
tralac Covid-19 resources page: tralac (Trade Law Centre), a public benefit organisation based in the Western Cape region of South Africa, of which CDP member Trudi Hartzenberg is Executive Director, is monitoring trade-related policy measures and responses to the COVID-19 pandemic adopted and implemented by African countries and beyond. This page contains a selection of resources, analyses, news items and publications particularly relevant for trade and related developments on the African continent.
Mariana Mazzucato and Antonio Andreoni: Commentary: Government bailouts can help better our post COVID-19 lives
Published in Channel News Asia on 15 July 2020
Governments must enforce conditionality on the private sector so it leads to more inclusive and sustainable growth.
See the full commentary here: https://www.channelnewsasia.com/news/commentary/government-bailouts-are-good-conditions-covid-19-companies-12927936
Jose Antonio Ocampo and Tommaso Faccio: Making Multinationals and the Wealthy Pay
Published in Project Syndicate on 30 June 2020
See the article here: https://www.project-syndicate.org/commentary/multinationals-corporate-tax-reform-covid19-by-jose-antonio-ocampo-and-tommaso-faccio-2020-06
Kevin Gallagher and Richard Kozul-Wright: Breaking Out of the Double Squeeze: The Need for Fiscal and Policy Space during the COVID-19 Crises
Published in Global Policy on 26 June 2020
See the article here: https://www.globalpolicyjournal.com/blog/26/06/2020/breaking-out-double-squeeze-need-fiscal-and-policy-space-during-covid-19-crises
Mariana Mazzucato and Antonio Andreoni: No More Free-Lunch Bailouts
Published in Project Syndicate on 25 June 2020
See the article here: https://www.project-syndicate.org/commentary/conditional-bailouts-of-private-companies-2020-crisis-by-mariana-mazzucato-and-antonio-andreoni-2020-06
Arunabha Ghosh (through CEEW in collaboration with the National Institute of Public Finance and Policy): Jobs, Growth and Sustainability - A New Social Contract for India's Recovery
See the article here: https://www.ceew.in/publications/jobs-growth-and-sustainability
See the interview on CNBC here: https://www.cnbctv18.com/economy/need-a-new-social-contract-for-indias-recovery-from-coronavirus-pandemic-says-report-6153131.htm
Mariana Mazzucato: The Race for a Vaccine
Interview publiseh in Project Syndicate on 8 June 2020
Although a universally available COVID-19 vaccine represents the best way for all countries to reopen and restart their economies, developing and administering it will require large up-front investments and a radical shift in how we think about innovation.
See the interview here: https://www.project-syndicate.org/videos/the-race-for-a-vaccine
Ha-Joon Chang: Bridges to the Future: Responses to COVID-19
Get to the podcast here: https://podcasts.apple.com/gb/podcast/ha-joon-chang/id1385648485?i=1000474700917
Sakiko Fukuda-Parr: A vaccine will not end the pandemic unless everyone can get it
Featured in UN DESA Voices, June 2020
Nearly every day brings news of promising developments in the unprecedented global quest for a vaccine to COVID-19. Yet, finding an effective vaccine will not put an end to the pandemic unless countries can agree to cooperate on its development, production and distribution and ensure it is affordable and accessible to all, warns Sakiko Fukuda-Parr, Professor of International Affairs at The New School and Member of the UN Committee for Development Policy.
See the article here: https://www.un.org/development/desa/undesavoice/expert-voices/2020/06#49453
Adriana Erthal Abdenur: Floundering power: Brazil's response to the COVID-19 pandemic
Published in Analusis Carolina, Fundación Carolina on 15 May 2020
See the article here: https://www.fundacioncarolina.es/wp-content/uploads/2020/05/AC-29-en.pdf
Emilio Rodríguez-Izquierdo, Sol Pérez-Jiménez, Leticia Merino-Pérez, Marisa Mazari-Hiriart: Spatial analysis of COVID-19 and inequalities in Mexico City
See the text here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/COVID-19-Mexico-City.pdf
Jose Antonio Ocampo:The weakness of economic multilateralism
Published in Columbia School of International Public Affairs (SIPA) on 24 April 2020
The weakness of multilateral cooperation was remarkably evident in the meetings of the G-20 and the Bretton Woods institutions last week in Washington D.C. In fact, weak international cooperation is in sharp contrast with the ambitious domestic policies that some developed countries – notably the US — has put in place. The great losers will be emerging and developing countries, for which cooperation is minimal.
See the full article here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/Ocampo-Multilateralism.pdf
‘People’s vaccine’ for coronavirus must be free, leaders urge
Published in Financial Times on 14 May 2020
Any vaccine against Covid-19 should be patent-free, produced at scale and made available at no cost to people everywhere, three African leaders and more than 140 public figures, including 50 former world leaders, have urged in an open letter.
See the article here: https://www.ft.com/content/af929941-7c02-415a-a692-bf8443ede58a
Uniting Behind A People’s Vaccine Against COVID-19, Open letter 14 May 2020, Signatories include Ha-Joon Chang, Mariana Mazzucato, Sakiko Fukuda-Parr, Diane Elson, Winnie Byanyima
See the open letter here: https://medium.com/@Oxfam/uniting-behind-a-peoples-vaccine-against-covid-19-87eec640976
Mariana Mazzucato and Els Torreele: How to Develop a COVID-19 Vaccine for All
Published in Project Syndicate on 27 April 2020
Strong health systems, adequate testing capacity, and an effective, universally available vaccine will be key to protecting societies from COVID-19. But ensuring that no one is left behind requires not just unprecedented collective investment, but also a very different approach to innovation.
See the full article here: https://www.project-syndicate.org/commentary/universal-free-covid19-vaccine-by-mariana-mazzucato-and-els-torreele-2020-04
Meg Taylor: Covid-19 and Climate Change: We must rise to both crises
Published in Pacific Islands Forum Secretariat on 17 April 2020
See the article here: https://www.forumsec.org/covid-19-and-climate-change-we-must-rise-to-both-crises/
Kevin P. Gallagher and Yu Yongding: COVID-19 and the Thucydides Trap
Published in Project Syndicate on 24 April 2020
After years of deepening Sino-American divisions, perhaps it is not surprising that the COVID-19 pandemic has made matters worse. But if both countries take a clear-eyed view of their own interests, they will see that cooperation is the best medicine now.
See full article here: https://www.project-syndicate.org/commentary/covid-thucydides-trap-by-yu-yongding-and-kevin-p-gallagher-2020-04
Jacqueline Musiitwa and Hangwei Li: 'Coronavirus diplomacy': China's opportune time to aid Africa
Published in The Africa Report on 24 April 2020
See the article here: https://www.theafricareport.com/26750/coronavirus-diplomacy-chinas-opportune-time-to-aid-africa/
Debapriya Bhattacharya and Fareha Raida Islam: The COVID-19 Scourge: How affected are the Least Developed Countries?
Published in OECD Development Matters on 23 April 2020
See the article here: https://oecd-development-matters.org/2020/04/23/the-covid-19-scourge-how-affected-are-the-least-developed-countries/
Webinar: COVID-19 and Global Inequality
Hosted by the Julien J. Studley Graduate Programs in International Affairs at The New School. Moderated by Sakiko Fukuda-Parr, with the participation of Winnie Byanyima, Mandeep Daliwal, Nicoletta Dentico, Manjari Mahajan and Aleetha Maybank
Tuesday, April 28, 11:00 – 12:30 PM EST
Registration here: https://event.newschool.edu/covid-19-global-inequality-online
Natalya Volchkova leads the Center for Economic and Financial Research at New Economic School in the joint initiative FREE Network, an extensive network of leading academic experts on economic issues in Central and Eastern Europe. FREE network has started to collect data on this region from official sources, aiming to offer a regularly updated, comprehensive and easily comparable overview of the health impact of the Covid-19 pandemics, as well as the policies and practices countries in the region adopt to address it. The project covers Belarus, Georgia, Latvia, Poland, Russia, Sweden, and Ukraine, while Italy is used as a comparison point.
Trudi Hartzenberg: The impact of Covid-19 on Africa's trade and integration
Published in Istituto per gli Studi di Politica Internazionale (ISPI) on 9 April 2020
The COVID-19 pandemic continues its indiscriminate and devastating impact across the world and brings a massive economic crisis in its wake. For Africa, this is a development crisis whose impact will be felt for years to come.
See full text here: https://www.ispionline.it/it/pubblicazione/impact-covid-19-africas-trade-and-integration-25723
Trudi Hartzenberg: COVID-19 in Africa – some reflections on trade matters
Published in Trade for Development News by EIF on 9 April 2020
Poverty, inequality and exclusion are key factors contributing to the devastating effects of COVID-19 on all African countries. Issues like fragile healthcare systems, food insecurity and large informal economies make this much more than a massive health and economic crisis. COVID-19 is a fundamental development crisis for Africa.
See full text here: https://trade4devnews.enhancedif.org/en/op-ed/covid-19-africa-some-reflections-trade-matters
Debapriya Bhattacharya and Fareha Raida Islam: Least Developed Countries Confronting COVID-19: Response and Resilience
Published in South-South Galaxy April 2020
The looming socio-economic tsunami with concurrent health shocks could be catastrophic for the LDCs, leaving them farther behind in their pursuit towards the Sustainable Development Goals (SDGs). However, effective state intervention in the area of preparedness and support from the global community may smoothen the peak of the curve of fatality as well as enable the exit from the crisis.
See full text here: https://www.southsouth-galaxy.org/covid-19/article-on-least-developed-countries-confronting-covid-19-response-and-resilience/
Marc Fleurbaey: Simulator on the dynamics of the Covid-19 pandemic
15 April 2020
Contained in a single spreadsheet, this tool offers an intuitive way of understanding the dynamics of the COVID-19 pandemic. It simulates the evolution of the pandemic in absence of intervention, as well as under policies reducing contacts between people or implementing wide testing to identify infectious people early.
Find the tool here: https://sites.google.com/site/marcfleurbaey/Home/covid
Contribution of the CDP to the High-level Political Forum (HLPF) Ministerial Declaration, 2020
14 April 2020
Covid-19 forces a collective lucidity on the depth of global interdependence; on the fact that the world is only as resilient as the least resilient country and person is; and that in a context of widespread vulnerability, we are reaching tipping points in different dimensions – social, economic and environmental.
See the full text here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/CDP-HLPF-2020.pdf
Webinar: THE GLOBAL ECONOMIC RESPONSE TO THE COVID-19 CRISIS
Hosted by Boston University and UNCTAD. Moderated by Kevin Gallagher, with the participation of Nelson Barbosa, Stephanie Blankenburg, Winnie Byanyima, Haihong Gao, Jose Antonio Ocampo
Thursday, April 16, 9:00 to 10:20 AM EST
Kevin P. Gallagher, William R. Kring, and Jose Antonio Ocampo: "Calibrating the COVID-19 Crisis Response to the SDGs"
11 April 2020
The COVID-19 crisis is now a global one that has also morphed into larger and more global economic and social crisis than the financial collapse of 2008-9. A global and multilateral response is needed that attacks the virus and puts the global economy back on a path to achieve the SDGs and the Paris Climate agreement. That effort should start this week at the annual spring meetings of the International Monetary Fund (IMF) and the World Bank.
See the full op-ed here: https://www.un.org/en/un-coronavirus-communications-team/calibrating-covid-19-crisis-response-sdgs
Adriana Erthal Abdenur and Carolina Sampó: "The Pandemic and Organized Crime in Latin America: Ten Unknowns"
Published in Americas Quarterly on 8 April 2020
As governments fight the virus, criminal enterprises are likely to adapt in insidious ways.
See the full article here: https://www.americasquarterly.org/content/pandemic-and-organized-crime-latin-america-ten-unknowns
Stephany Griffith-Jones, Regis Marodon and Jose Antonio Ocampo: "Mobilizing Development Banks to Fight COVID-19"
Published in Project Syndicate on 8 April 2020
Both developed and developing countries urgently need large-scale funding to help maintain economic activity and jobs during the current pandemic. Fortunately, more than 400 development banks around the world can play a vital role in minimizing economic decline, supporting recovery, and financing structural transformation
See the full article here: https://www.project-syndicate.org/commentary/mobilizing-development-banks-to-fight-covid19-by-stephany-griffith-jones-et-al-2020-04
Marc Fleurbaey: "We are all in this together? More than you think"
6 April 2020
The most interesting lesson this crisis is bringing in a punch-in-the-face way is how interdependent we humans are. We depend on the good health of the others, and are safe only if everyone is protected from certain diseases. We ignore the deficient public health situation in poorer countries and provinces anywhere in the world at our own risk.
See full note here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/Fleurbaey.pdf
Mariana Mazzucato: "Capitalism’s Triple Crisis"
Published in Project Syndicate on 30 March 2020
After the 2008 financial crisis, we learned the hard way what happens when governments flood the economy with unconditional liquidity, rather than laying the foundation for a sustainable and inclusive recovery. Now that an even more severe crisis is underway, we must not repeat the same mistake.
See the full article here: https://www.project-syndicate.org/commentary/covid19-crises-of-capitalism-new-state-role-by-mariana-mazzucato-2020-03
Adriana Abdenur: "Women and the Pandemic in Latin America and the Caribbean: Gender and Biosecurity"
Published on Amassuru in March/April 20202 edition
The article adopts a gender lens on biosecurity and analyzes the emerging impacts of the Covid-19 pandemic on women in the region.
The article is available in pdf (English and Spanish) in the link: https://sites.google.com/view/amassuru/bolet%C3%ADn-colaborativo?authuser=3
Diane Elson, Ha Joon Chang and 96 other economists: "Covid-19 - The government must go further"
An open letter to the UK government published in New Economics Foundation on 23 March 2020
See the open letter here: https://neweconomics.org/2020/03/covid-19-the-government-must-go-further
Kevin P. Gallagher, Jose Antonio Ocampo and Ulrich Volz: "IMF Special Drawing Rights: A key tool for attacking a COVID-19 financial fallout in developing countries"
Published in Brookings on 26 March 2020
Last week, the authors put forward a proposal for a major issuance of the IMF's Special Drawing Rights (SDRs) as a key tool to attack the worldwide spread of the financial fallout of the coronavirus pandemic. Here they address concerns critics have raised about this proposal.
See the full article here: https://www.brookings.edu/blog/future-development/2020/03/26/imf-special-drawing-rights-a-key-tool-for-attacking-a-covid-19-financial-fallout-in-developing-countries/
Kevin Gallagher and Margret Myers: "Could China Be a White Knight Again for Latin America?"
Published in Americas Quarterly on 24 March 2020
China helped spare the region from the worst of the 2008-09 financial crisis. But recently, its lending to Latin America has been in decline.
See the full article here: https://www.americasquarterly.org/content/could-china-be-white-knight-again-latin-america
Jose Antonio Ocampo, Kevin Gallagher and Ulrich Volz: “It's time for a major issuance of the IMF's Special Drawing Rights”
Published in the Financial Times’ Alphaville, 20 March 2020
The member countries of the International Monetary Fund (IMF) should schedule an emergency meeting as soon as possible and agree on a rapid issuance of at least $500bn in international liquidity, in the form of additional Special Drawing Rights (SDRs).
See the full article here: https://ftalphaville.ft.com/2020/03/20/1584709367000/It-s-time-for-a-major-issuance-of-the-IMF-s-Special-Drawing-Rights/
Mariana Mazzucato: “The Covid-19 crisis is a chance to do capitalism differently”
Published in The Guardian on 18 March 2020
Covid-19 is a major event that exposes the lack of preparedness and resilience of the increasingly globalised and interconnected economy, and it certainly won’t be the last.
See the full article here: https://www.theguardian.com/commentisfree/2020/mar/18/the-covid-19-crisis-is-a-chance-to-do-capitalism-differently
Arunabha Ghosh: “This is what a perfect storm looks like”
Published in Business Standard, 17 March 2020
This is what a perfect storm of shocks looks like: A series of environmental, economic and social crises that overwhelm the capacity of states and communities to respond, adapt and rejuvenate.
See the full article here https://www.business-standard.com/article/opinion/this-is-what-a-perfect-storm-looks-like-120031700037_1.html
José Antonio Ocampo: “La pandemia y la crisis económica” (in Spanish)
Published in El Tiempo, 15 March 2020
Colombia’s response to the crisis will need to include an ambitious policy to increase non-oil exports.
See the full article here: https://www.eltiempo.com/opinion/columnistas/jose-antonio-ocampo/la-pandemia-y-la-crisis-economica-columna-de-jose-antonio-ocampo-472888
Diane Elson: "The situation in the UK and the need for collective response"
23 March 2020
See the full note here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/DE-UK.pdf
Trudi Hartzenberg: "An update from South Africa"
23 March 2020
See the full note here: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/TH-SA.pdf