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COVID-19 in Latin America: How is it different than in advanced economies?

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  • Eduardo Levy Yetati

  • Rodrigo Valdés

Abstract

Most analyses of the socioeconomic impact of COVID-19 rely on data from advanced and East Asian economies, for good reasons: those countries were hit first by the pandemic. This debate contrasts with the realities in Latin American countries, not only because of economic restrictions but also because the pandemic dynamics have been surprisingly difficult to control in several countries. Countries that shied away from severe lockdowns are topping daily case rankings, but others that adopted lengthy and stringent measures early on still have a growing number of cases. In this chapter, we discuss how the combination of a limited fiscal and financial space and a precarious labour market, against the backdrop of a delicate political landscape, poses severe challenges to the intensity and the socioeconomic management of the policy response to the pandemic in the region.

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  • Eduardo Levy Yetati & Rodrigo Valdés, 2025. "COVID-19 in Latin America: How is it different than in advanced economies?," School of Government Working Papers 20250323, Universidad Torcuato Di Tella.
    • Handle: RePEc:udt:wpgobi:20250323
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    Cited by:

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    2. Isaure Delaporte & Julia Escobar & Werner Peña, 2021. "The distributional consequences of social distancing on poverty and labour income inequality in Latin America and the Caribbean," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(4), pages 1385-1443, October.
    3. Giofré, Maela, 2022. "Foreign investment in times of COVID-19: How strong is the flight to advanced economies?," Journal of Multinational Financial Management, Elsevier, vol. 64(C).
    4. Eduardo Levy Yeyati & Luca Sartorio, 2020. "Take me out: De facto limits on strict lockdowns in developing countries," Department of Economics Working Papers wp_gob_2020_08, Universidad Torcuato Di Tella.

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