The IPR waiver would allow all countries to choose to neither grant nor enforce patents and other IPRs related to COVID-19 drugs, vaccines, diagnostics and other technologies for the duration of the pandemic until global herd immunity is achieved. This move harkens back 20 years to the HIV/AIDS epidemic, when affordable generic HIV drugs, made in countries where patents did not block production, began saving millions of people’s lives.
Read Moreit is very important to understand that the true economic impacts of the lockdown and the pandemic will take time to unfold and reveal itself. But it’s certain that a decline in economic activity will contribute to the after-effects of the pandemic, and directly impact how our economy functions as a whole
Read MoreThis pandemic has exposed the inherent weaknesses of state functioning and questioned the very structure on which modern economies have been thriving.
Read MoreThe medium-term impact of the pandemic on international trade and the degree of efficacy of anti-free trade measures depends on the ability of the domestic producers and service providers to scale up operations
Read MoreThe health turned economic crisis will have a pivotal economic fallout, affecting the demand and supply chain. According to the IMF, we have already entered a recession that will be worse than 2009.
Read MoreOne can think of development aid as a ‘get-rich-quick-scheme’ or the exogenous stimulus that can bolster growth. However, I believe that this exogenous stimulus is impacted by endogenous factors like the quality of governance, transparency and political stability.
Read Morerom a shifting world order to a co-ordinated economic slowdown, the pandemic of Coronavirus Disease (or COVID-19) has gripped us in times of persisting glut of distrust. There is no one way to interpret the implications – both current and protracted from inaction today.
Read MoreEconomists love Uber. Or at least, it’s imperative that they do because it’s the closest you can get to taking the pure economic theory of textbooks and summoning it to real life. Uber managed to create an open market, governed strictly by the forces of demand and supply.
Read MoreFrom a GDP perspective, nuclear warheads do just as well as hospital beds or apple pie. -David Pilling, Author of the Growth Delusion
Read MoreSingapore spends only 4% of its GDP on healthcare but sets-up world-class medical institutions spending 70 % less than Canada and 50% less than the United States. Innovative cost-saving features and health savings have conveyed the small island’s motto of good governance.
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