Kevin P. Gallagher is professor and director of the global development policy center at Boston University and a member of the UN Committee on Development Policy. William N. Kring is assistant director of the Global Development Policy Center. Jose Antonio Ocampo is Professor, School of International and Public Affairs, Member of the Committee on Global Thought and Co-Director of the Initiative for Policy Dialogue, Columbia University, and chair of the UN Committee for Development Policy.
Calibrating the COVID-19 Crisis Response to the SDGs
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 2008-2009. High income countries have done well to backstop their financial systems and have also begun to advance bold stimulus packages for recovery. However, emerging market and developing countries lack the wherewithal for such a response and worse—they are experiencing flight of portfolio capital like in no other period in their memories.