#COVID19Chronicles-298: January 30, 2021-Heightened inequalities

The COVID pandemic has exposed many inequalities within countries and between countries. We’ve seen this in the form of access to the Internet, with its most damaging short- and medium-term costs being imposed on children and their education.

“This pandemic has made remote learning, telemedicine, financial inclusion, and mobility leap forward by five to seven years,” said Verizon CEO Hans Vestberg. So, the unequal Internet access has important effects on countries’ demands that citizens stay home and minimizing the impact of that of output and productivity.

We have seen glaring income inequalities:

The pandemic is hitting the poorest countries most:

The world’s 10 richest men made $540 billion during the pandemic — enough to cover COVID-19 vaccines for the whole planet.

We are seeing early major inequalities in access to vaccines, within and between countries. This is a worrying, though not surprising, development:

The phrase of 2021 may become “immunity inequality”. Keep watching.

Author: Dennis G Jones (aka 'The Grasshopper')

Retired International Monetary Fund economist. My blog is for organizing my ideas and thoughts about a range of topics. I was born in Jamaica, but spent 30 years being educated, living, and working in the UK. I lived in the USA for two decades, and worked and travelled abroad, extensively, throughout my careers and for pleasure. My views have a wide international perspective. Father of 3 girls. Also, married to an economist. :)