The coronavirus could be the great global leveler for this generation.
Although the virus has spread through the entire world, its effects—both on physical and economic health—have been better managed in some developing countries than in their richer counterparts. In the United Kingdom, the official death toll at the beginning of September is 40,000, whereas Bangladesh’s official count stands around 4,000, despite having over twice the U.K.’s population. And while the British economy is expected to contract by around 9 percent in 2020, Bangladesh’s GDP may fall by around 2 percent. At the same time, developing countries may also find the post-pandemic world more hospitable to their continued rise, as the global economy becomes more digitized, more multipolar, and more fluid.
