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Showing posts from April, 2020

Conduct of international organizations in the face of Covid-19

The previous article outlined the potential impact of economies on the spread of the virus in the world. The impact will be so great that, according to the World Bank, it will be far worse than the 2008 recession. In such a case, the support of international organizations is essential for countries. It is the international organizations and economic actors who determine the state of the world once the world is shut down. Developing countries are at risk because of the limited supply of medical supplies. However, the World Trade Center says that any country has the freedom to make decisions for the safety of its citizens and that this is a global crisis and must be tackled. The World Bank Similarly, some countries levy taxes on their health services, as well as a substantial share of the national income. In a developing country it is about 8% and in a low developed country it is about 11%. Therefore, to address these issues, the World Bank presented the following proposals a