NEW DELHI : An inadvertent outcome of the ongoing coronavirus pandemic is the rare opportunity that it gives economies to rectify their development trajectories.
Economic agencies around the world are shelling out an alphabet soup of recovery prospects—from U to V to even L. But the key might be to discuss the kind of recovery that we want for our economies.
The realization that the status quo is not ideal has been an uncomfortable undercurrent of the world economy since the economic crisis of 2008.
The current crisis might be the time to address it. A unique characteristic of the current crisis that it is yet to unfold in its entirety and that it is not the result of an institutional failure.