Covid-19: Dynamics of the Global Crisis

The graduate students in economics of the New School for Social Research (our ‘Economics Student Union’, the existence of which is a delightful democratic feature of our department) have been organizing a series of discussions on the crisis unleashed by the Coronavirus. I spoke yesterday in the second discussion in the series. I presented an overview of the economics and the political economy of the crisis globally, but made special reference to the concerns of developing countries, and offered some speculations on the way out of the crisis.  A video of the presentation and discussion can be found here (the password, if needed, is: m0^bAXy% ). An updated version of the slide presentation can be found here (if possible, please refer to it instead of the earlier version which I used during my presentation).

BACKGROUND:

1. ESU had previously circulated some recent articles by me or referring to me:

2. I had additionally circulated, by way of background on the debate, the following, noting –

“As the situation is so fast moving, I hesitate to recommend resources (indeed the ones by me just circulated by the ESU seem already hopelessly outdated) but here are some that may be useful, on the economic effects and the current debate, from very different points of view:
There are huge consequences in developing countries, and there are important differences across countries, but one common aspect is the potential impact on food security, both through supply- and demand- side effects. 
Here is an article on the effect on the food system (based on India, but again generalizes in some measure) by R Ramakumar, a leading alternatively minded economist, who has visited us in the past at the New School:
(1 lakh is 100,000)

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