Posts Tagged

Covid-19

As the economic effects of the COVID-19 pandemic unfold, the most severe casualties of “The Great Lockdown” are resource-dependent economies with limited institutional capacity to respond to the crisis. Their supply chains have been cut off, their markets are disrupted, and their investors are crowding out. Many of these countries have high external debt and an obligation to repay it in the medium term or they will face the trilemma of registering a double-digit growth, accruing further debt, or defaulting. Come 2021, Mongolia, a superlatively resource-dependent economy, will be at the center of this trilemma. The immediate cause of Mongolia’s current state is its inconsistent fiscal expenditure and its undiversified mining economy. Over the years, fiscal mismanagement of the previous …

While the current lockdown in Pakistan has had a detrimental effect on livelihoods across the country, its impact on transgender communities has been particularly devastating. Covid-19 has revealed a troubling picture of transgender people’s social exclusion, marked by high poverty rates, a lack of social security programmes, and structural discrimination. Over the past years, there have been steps in the right direction towards recognizing Pakistan’s transgender community—most notably a 2009 Supreme Court judgement calling for the registration of transgender people as a ‘third gender’ and the Transgender Persons (Protection of Rights) Act, passed by Parliament in 2018. However, neither measure has been widely enforced. Pakistan needs transformative, equitable policies to ensure equal access to basic public services for its transgender communities, who are currently in a dire situation. Covid-19 provides …

It has become a recurrent point for commentators to propose that we are living in the remnants of an old and dying world order with a new one waiting to take over. Namely, they predict that the US and the West is on the verge of losing its global hegemony to Asia. Even before Covid-19, many predicted that a Chinese-led world order was imminent, as evidenced by a photo in 2018 of US-China trade discussions. Philosopher Antonio Gramsci described such a period as an interregnum where “a great variety of morbid symptoms appear.” The divergent world responses to Covid-19 have been viewed as evidence of these symptoms. Commentators have continuously compared the inertness of Western governments with the efficiency of China, South …