The timeline for, and success of, the social, financial, and economic recovery from the Covid-19 pandemic will depend on many things (e.g., the development of therapeutics and a vaccine and ongoing policy intervention), but healthcare officials and economists warn that the situation might get worse before it gets better. More people will get sick and die, global GDP will decline, some jobs might never return, and some businesses could close their doors for good—even if governments act aggressively to suppress the spread of the virus and provide additional fiscal stimulus. It is unclear for how long these consequences will linger.

The consequences of neoliberalism and related value-extracting behaviors have been put on full display throughout the Covid-19 pandemic. “Essential” workers in industries and occupations required to continue working during “shutdowns,” for example, have not always been able to obtain adequate equipment to protect themselves from the virus and sometimes lack access to the health insurance and paid leave needed for when they contract it. Racial and ethnic minorities, women, and migrant laborers in many countries are more likely to work in these “essential” jobs and to get sick and die from the virus. Further, related political polarization and fractured social cohesion have permeated individuals’ acceptance (or lack thereof) of science based public health recommendations during the pandemic in some countries.

Addressing Systemic Social Risk: A Roadmap for Financial System Action - The Investment Integration Project, 2020 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

COVID-19 and Modern Slavery: A Research Response
COVID-19 resourcesPublications

COVID-19 represents a large and sudden exogenous shock to the world. The pandemic itself and the measures being undertaken to slow its pace and effect have short, medium, and long-term impacts on the problem of modern slavery. We have formulated res...Read More

Abandoned? The Impact of Covid-19 on Workers and Businesses at the Bottom of Global Garment Supply Chains
COVID-19 resourcesPublications

The global Covid-19 pandemic has had a devastating impact on global garment supply chains, and the situation will get far worse before it gets better. As clothing outlets have been shut by lockdowns in developed market economies, sinking demand for ...Read More

Labor Migration in Asia: Impacts of the COVID-19 Crisis and the Post-Pandemic Future
COVID-19 resourcesGuidance

Since 2011, the Asian Development Bank Institute (ADBI), the OECD, and the International Labour Organization (ILO) have been collaborating to organize the Annual Roundtable on Labor Migration in Asia. The 10th anniversary of this event was marked in...Read More

TAGS: Asia
A Vulnerable Workforce: Migrant Workers in the COVID-19 Pandemic
COVID-19 resourcesPublications

This report analyses the labour conditions of migrant workers in the EU in the context of the COVID-19 epidemic. By looking at the prevalence of temporary contracts, the position in the income distribution and the likelihood that jobs can be conduct...Read More