Should small developing countries prioritize climate change?
berthofman.substack.com
Should small developing countries prioritize climate change? The world has experienced an exceptional couple of years. Aside from the millions of casualties, the COVID-19 pandemic pushed much of the world in recession, disrupted supply chains, and dried up tourism, an important source of revenues. The pandemic and the differential policy response also increased inequalities between north and south, and aggravated tensions within countries between the haves and have nots. Russia’s invasion of Ukraine added to the misery by causing a spike in energy prices and food prices, the latter of which hit developing countries disproportionally as food constitute a much higher share of household spending at low income levels compared to high income. Several developing countries are now faced with insurmountable debt problems, and despite the G-20 debt service relief initiative, may face disruptive debt default such as Sri Lanka recently experienced.
Should small developing countries prioritize climate change?
Should small developing countries prioritize…
Should small developing countries prioritize climate change?
Should small developing countries prioritize climate change? The world has experienced an exceptional couple of years. Aside from the millions of casualties, the COVID-19 pandemic pushed much of the world in recession, disrupted supply chains, and dried up tourism, an important source of revenues. The pandemic and the differential policy response also increased inequalities between north and south, and aggravated tensions within countries between the haves and have nots. Russia’s invasion of Ukraine added to the misery by causing a spike in energy prices and food prices, the latter of which hit developing countries disproportionally as food constitute a much higher share of household spending at low income levels compared to high income. Several developing countries are now faced with insurmountable debt problems, and despite the G-20 debt service relief initiative, may face disruptive debt default such as Sri Lanka recently experienced.