1. Democratization, Poverty Reduction and Risk Mitigation in Fragile and Post-Conflict States
- Author:
- Jamal Saghir and Ede Jorge Ijjasz-Vasquez
- Publication Date:
- 01-2021
- Content Type:
- Policy Brief
- Institution:
- Institute for the Study of International Development, McGill University (ISID)
- Abstract:
- The COVID-19 pandemic has caused the most severe recession in recent decades, with a cumulative loss to global GDP of around $9 trillion. Climate disasters continue to affect the most vulnerable populations and countries, affecting more than 50 million people in 2020. Investments in climate adaptation and resilience have been insufficient in recent years. Global investments only reached $30 billion in 2017-2018, against estimated needs in developing countries between $140 and $300 billion per year by 2030. As governments worldwide design and begin implementing post-pandemic economic recovery programs, investments in adaptation and resilience provide a unique opportunity to generate jobs, restart economic growth, and tackle the inequities made more acute by the pandemic. We discuss practical policy and program options to achieve these multiple objectives.
- Topic:
- Climate Change, Science and Technology, Infrastructure, Investment, Resilience, COVID-19, and Economic Recovery
- Political Geography:
- Global Focus