Tuesday, March 30, 2021

UNDP Arab States - How Covid-19 Affect Arab Countries

Excerpt:

"A systemic crisis

As the first systemic crisis of the 21st century, the financial crisis of 2008 shed important light on the fragility of an interconnected world, yet despite the global nature of the outfall, many Arab countries were shielded from its worse consequences by virtue of their relative isolation from the global financial system. The COVID-19 pandemic is another story. With close to 700,000 number of cases and more than 30,000 number of deaths in 202 countries worldwide, as of March 30, it has officially spread to nearly every country in the Arab region."

https://medium.com/@UNDPArabStates/grappling-with-a-crisis-like-no-other-the-fragility-of-arab-countries-in-the-face-of-covid-19-a174b1017824

Image - UNDP Arab States

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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.