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2020 ; 16
(1
): 51
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gab.com Text
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Globalisation in the time of COVID-19: repositioning Africa to meet the immediate
and remote challenges
#MMPMID32580728
Yaya S
; Otu A
; Labonté R
Global Health
2020[Jun]; 16
(1
): 51
PMID32580728
show ga
The COVID-19 pandemic has ushered in a new climate of uncertainty which is
fuelling protectionism and playing into nationalist narratives. Globalisation is
under significant threat as governments scramble to reduce their vulnerability to
the virus by limiting global trade and flows of people. With the imposition of
border closures and strict migration measures, there have been major disruptions
in Africa's global supply chains with adverse impacts on employment and poverty.
The African economies overly reliant on single export-orientated industries, such
as oil and gas, are expected to be severely hit. This situation is further
aggravated by tumbling oil prices and a lowered global demand for African non-oil
products. The agricultural sector, which should buffer these shocks, is also
being affected by the enforcement of lockdowns which threaten people's
livelihoods and food security. Lockdowns may not be the answer in Africa and the
issue of public health pandemic response will need to be addressed by enacting
context-specific policies which should be implemented in a humane way. In
addressing the socioeconomic impact of COVID-19 on African nations, we argue that
governments should prioritize social protection programmes to provide people with
resources to maintain economic productivity while limiting job losses.
International funders are committing assistance to Africa for this purpose, but
generally as loans (adding to debt burdens) rather than as grants. G20 agreement
so suspend debt payments for a year will help, but is insufficient to fiscal
need. Maintaining cross-border trade and cooperation to continue generating
public revenues is desirable. New strategies for diversifying African economies
and limiting their dependence on external funding by promoting trade with a more
regionalised (continental) focus as promoted by the African Continental Free
Trade Agreement, while not without limitations, should be explored. While it is
premature to judge the final economic and death toll of COVID-19, African
leaders' response to the pandemic, and the support they receive from wealthier
nations, will determine its eventual outcomes.
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