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China's leading think tank in finance and macroeconomics - Independence. Insight. Influence.

Apr 22, 2020, 6 tweets

Everyone might not be equal in the #novelcoronavirus outbreak:
mp.weixin.qq.com/s/ZbLsFjNjERbs… #COVID19

The virus does not discriminate against any life,but the availability of immunization,treatment,recovery opportunities, and the extent of and resilience to the economic impact of the outbreak vary between rich and poor countries, and among groups of different income levels.

It’s true that in modern society, with the increase in universality and availability of medical technology, both billionaires & political elites in developed countries, and informal workers in developing countries struggling on poverty line have equal chance of getting infected.

However, there are huge differences between countries and social groups in terms of the opportunity to avoid infection, and whether they can benefit from the vaccine in time once available.

In the #novelcoronavirus outbreak, low-income countries and groups may face a greater chance to bear the brunt and their lives and health face more threat because of lack of sound medical care conditions.

When the economy starts to recover, just as economic growth does not have a trickle-down effect on income distribution, the lives of ordinary workers do not automatically return to normal as the economy recovers as a whole.

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