Explaining the Pandemic Performance Differential
Although a country's success in managing the COVID-19 crisis depends on many variables, there is a striking correlation between today's performance and past economic-development rankings. Countries that have consistently achieved broadly shared dynamic growth have proved far more capable of containing the first wave of the pandemic.
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LONDON – I recently re-read and reflected on everything I have written for Project Syndicate since the start of this year. Two commentaries, in particular, stood out. In January, I suggested that without a new surge in productivity, the world would struggle to achieve the same level of economic growth in the 2020s as it did in previous decades.