Thursday, April 16, 2020

Latin American Leaders Talk Covid-19

A group of Latin American intellectuals and former presidents co-wrote a call in Americas Quarterly for measures to deal with Covid-19. The bottom line is the need for a huge injection of cash. It's not long and I recommend you take a look. However, there are two missing elements.

First, especially in the developing world, any discussion must include a plan for graduated reopening. You might not know the exact timetable but you should define parameters. No matter how much you can realistically stimulate the economy, people do not have sufficient savings (or any savings) to withstand this crisis. They will start violating quarantines and curfews. See Otto's post about migrants leaving Lima in huge groups. At the extremes you'll see riots. So what would a reasonable reopening look like?

Second, all the talk about international cooperation needs to confront the fact that the United States is currently governed by someone who has no intention of helping.

Latin American leaders should call forcefully for international cooperation to confront the crisis. They ought to condemn export controls on medical supplies and other critical resources, and demand increased resources for the World Health Organization, contrary to the reckless decision announced by the U.S. government. 
I know, I know, diplomacy and all that. But there needs to be more concerted Latin American criticism of U.S. actions. And good luck getting U.S. assistance with medical supplies or anything else for that matter. The U.S. is currently an obstacle for Latin American recovery.


  © Blogger templates The Professional Template by 2008

Back to TOP