Post-pandemic transformations: How and why COVID-19 requires us to rethink development

Leach, Melissa; MacGregor, Hayley; Scoones, Ian; Wilkinson, Annie

doi:10.1016/j.worlddev.2020.105233

Cited by 284 publications

(282 citation statements)

References 32 publications

(27 reference statements)

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“…For small economies, it has been conjectured that a deep restructuring of their economic systems could lead to social unrest [7]. The pandemic has also kindled a re-examination of the purposes of growth and economic development that places socio-cultural transformations alongside a recalibration of economic goals [8]. Such rethinking must take into account not only the possibility of future pandemics [9], but also drive current policy decisions with an eye on a future path of sustainable growth [8,10].…”

Section: Introductionmentioning

confidence: 99%

V–, U–, L– or W–shaped economic recovery after Covid-19: Insights from an Agent Based Model

et al. 2021

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We discuss the impact of a Covid-19–like shock on a simple model economy, described by the previously developed Mark-0 Agent-Based Model. We consider a mixed supply and demand shock, and show that depending on the shock parameters (amplitude and duration), our model economy can display V-shaped, U-shaped or W-shaped recoveries, and even an L-shaped output curve with permanent output loss. This is due to the economy getting trapped in a self-sustained “bad” state. We then discuss two policies that attempt to moderate the impact of the shock: giving easy credit to firms, and the so-called helicopter money, i.e. injecting new money into the households savings. We find that both policies are effective if strong enough. We highlight the potential danger of terminating these policies too early, although inflation is substantially increased by lax access to credit. Finally, we consider the impact of a second lockdown. While we only discuss a limited number of scenarios, our model is flexible and versatile enough to accommodate a wide variety of situations, thus serving as a useful exploratory tool for a qualitative, scenario-based understanding of post-Covid recovery. The corresponding code is available on-line.

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Section: Introductionmentioning

confidence: 99%

V–, U–, L– or W–shaped economic recovery after Covid-19: Insights from an Agent Based Model

et al. 2021

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“…Climate justice research and action, like pandemic research and action, thus necessitate deploying intersectional approaches for comprehensive accountability of various systemic injustices that overlap and compound. With climate breakdown, more serious epidemics and pandemics and concomitant public health crises will emerge, where the events of 2020 will no longer seem like an anomaly (Leach et al, 2021;UN Women & UNEP, 2020).…”

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confidence: 99%

Climate change, COVID-19, and the co-production of injustices: a feminist reading of overlapping crises

Sultana

2021

Social & Cultural Geography

103

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The overlapping global socio-ecological crises of climate change and COVID-19 pandemic have simultaneously dominated discussions since 2020. The connections between them expose underbellies of structural inequities and systemic marginalizations across scales and sites. While ongoing climate change amplifies, compounds, and creates new forms of injustices and stresses, all of which are interlinked and interconnected, the emergence of COVID-19 pandemic has also co-created new challenges, vulnerabilities, and burdens, as well as reinforcing old ones. An intersectional analysis of these overlapping but uneven global crises demonstrates the importance of investigating and addressing them simultaneously through a feminist lens. This allows for a more nuanced understanding of the co-production of injustices structurally, materially, and discursively.

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“…In this case, COVID-19 could act as a starting point to change some behaviors relative to the business-as-usual system. This intermediate position is those with the greatest presence in the analyzed literature and is based on the consolidation of a "Green New Deal" [18,[33][34][35] centered on sustainable consumption, reduction of the economy in scale, promotion of the circular material economy [9,11,19,30,32,36,37] and supported by the "Green Economy" and "Blue Economy" [38][39][40][41]. Considering the profound implications of a paradigm shift, thinking about a gradual process of change seems more likely in the short and medium term.…”

Section: Debates On the Post-pandemic Scenario At The Global Levelmentioning

confidence: 99%

Post COVID-19 Pandemic Scenarios in an Unequal World Challenges for Sustainable Development in Latin America

Morea

2020

World

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The COVID-19 pandemic has prompted numerous academic debates about its impact on health and the economy and on possible post-pandemic scenarios across the globe. The discussion has been focused on whether the pandemic will mark a turning point and a unique opportunity to generate radical changes in the economic and productive system, or if the State assistance role will, once again, serve to rescue the capitalist system. There is a common link between these two opposing positions in that there will be a crossroads for the future of humanity, regarding the treatment that will be given to nature. However, some of the most optimistic visions seem to underestimate the different realities that the world presents. This paper proposes a combined analysis about the possible post-pandemic scenarios that are debated at a global level, and the impacts of the pandemic in the context of Latin America to fill an information gap and to aid understanding on what the possible post-pandemic scenarios for Latin America could be. The first findings show that the debates about the post-pandemic future at the global level could be grouped between: the return to “business as usual”; a managed transition; and a paradigm shift. For Latin America, the post-pandemic scenario will be highly conditioned on how the new world order is reconfigured, and moving on a path towards sustainability for the region in the post-pandemic scenario seems to be linked to two possibilities: a kind of revolt or revolution fostered by the social bases; or a solution of a global nature that favors making long-term decisions. If this does not occur, the most likely scenario seems to be a return to business as usual.

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Post-pandemic transformations: How and why COVID-19 requires us to rethink development

Cited by 284 publications

References 32 publications

V–, U–, L– or W–shaped economic recovery after Covid-19: Insights from an Agent Based Model

V–, U–, L– or W–shaped economic recovery after Covid-19: Insights from an Agent Based Model

Climate change, COVID-19, and the co-production of injustices: a feminist reading of overlapping crises

Post COVID-19 Pandemic Scenarios in an Unequal World Challenges for Sustainable Development in Latin America

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