the impact of corona virus on education and economy of the developing countries.write in detail
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The coronavirus pandemic has hit global economies hard. But how have developing economies been affected by the virus?
Written by Emmy Hawker June 25, 2020 10:00 Insights
The pandemic is now beginning to devastate developing countries | ©Srinivasan J, iStock by Getty Images
The pandemic is now beginning to devastate developing countries | ©Srinivasan J, iStock by Getty Images
The Covid-19 crisis, which first hit the developed world, is now spreading into developing countries. Experts from the United Nations (UN), United Nations Development Program (UNDP), and the World Health Organization (WHO) have stressed deep concern about the long-term impact the pandemic could have on these nations.
Developing countries tend to be poorer, working to become more advanced economically and socially––their infrastructures aren't as established as those you find in Europe and the US. They also rely on primary sector roles––all activities that consist of exploiting natural resources, like agriculture, mining, and forestry––and so they are particularly impacted by disrupted supply chains and lower demand for their goods.
If a poorer country can't sell its resources, then a huge percentage of its national businesses and workforces are going to feel the pinch. Therein lies the problem when a global pandemic hits and their richer trading partners shut their borders.
As a result, developing countries could see income losses in excess of $220 billion, according to the United Nations Development Program (UNDP).