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Economic Impacts of Coronavirus Disease (COVID-19) in Developing Countries

Author

Listed:
  • Rodela, Tahmina Tasnim
  • Tasnim, Samia
  • Mazumder, Hoimonty
  • Faizah, Farah
  • Sultana, Abida
  • Hossain, Md Mahbub

Abstract

The coronavirus disease (COVID-19) has critically impacted global health systems and economies, especially in developing countries. Those countries have been struggling to address the preexisting burden of diseases with limited resources, which will become even more challenging during COVID-19. The economic implications related to COVID-19 in those countries include a high cost of care, market failures in pluralistic health systems, high out-of-pocket expenses, the added burden of noncommunicable diseases, missed economic opportunities, and socioeconomic consequences like unemployment and poverty. It is essential to assess the prevalent gaps, mobilize resources, strengthen health systems financing and leadership, enhance research capacities informing evidence-based policymaking, and foster effective partnerships for addressing health and economic disparities due to COVID-19.

Suggested Citation

  • Rodela, Tahmina Tasnim & Tasnim, Samia & Mazumder, Hoimonty & Faizah, Farah & Sultana, Abida & Hossain, Md Mahbub, 2020. "Economic Impacts of Coronavirus Disease (COVID-19) in Developing Countries," SocArXiv wygpk, Center for Open Science.
    • Handle: RePEc:osf:socarx:wygpk
    DOI: 10.31219/osf.io/wygpk
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    References listed on IDEAS

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    1. Tasnim, Samia & Hossain, Md Mahbub & Mazumder, Hoimonty, 2020. "Impact of rumors or misinformation on coronavirus disease (COVID-19) in social media," SocArXiv uf3zn, Center for Open Science.
    2. Michael N Onah & Veloshnee Govender, 2014. "Out-of-Pocket Payments, Health Care Access and Utilisation in South-Eastern Nigeria: A Gender Perspective," PLOS ONE, Public Library of Science, vol. 9(4), pages 1-11, April.
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    Cited by:

    1. Orietta Nicolis & Jean Paul Maidana & Fabian Contreras & Danilo Leal, 2024. "Analyzing the Impact of COVID-19 on Economic Sustainability: A Clustering Approach," Sustainability, MDPI, vol. 16(4), pages 1-30, February.
    2. Jack I. Richter & Pankaj C. Patel, 2022. "Impact of the COVID-19 pandemic on the hours lost by self-employed racial minorities: evidence from Brazil," Small Business Economics, Springer, vol. 58(2), pages 769-805, February.

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