Several pandemics have in the past contributed to the reduction of income inequality. Will this happen this time around? Is COVID-19 likely to improve the distribution of income? Diego Sánchez-Ancochea dicusses in this article for the UNESCO Inclusive Policy Lab.
This contribution to the UNESCO Inclusive Policy Lab imagines a world in which rich countries agree to provide financial support for LICs and MICs during the crisis and outlines the broad strokes of how much such a hypothetical scheme might cost, how it could be financed, who could fund it, and how the money could be distributed across poor countries.