Publications /
Policy Brief

Back
Le Covid-19 : un Accélérateur de Crise, un Révélateur d'insuffisance
April 30, 2020

La pandémie qui frappe l’économie mondiale est souvent imputée exclusivement au Coronavirus. L’objet de ce “Brief “est de rappeler qu’avant l’explosion de la pandémie, affectant, à des degrés divers, cinquante pour cent de la population mondiale, l’économie mondiale était déjà très fragilisée par la guerre commerciale que se livrent, depuis de longs mois, Américains et Chinois, et par la guerre pétrolière opposant Américains, Saoudiens et Russes. C’est, donc, dans un contexte très particulier que se développe cette pandémie, faisant du Covid-19 un accélérateur d’une crise dont il ne serait être le seul responsable, et un révélateur des insuffisances et des limites des politiques publiques de santé. La perte de souveraineté sanitaire, la gestion en flux tendu des biens sanitaires illustrent ces limites et ces insuffisances. Elles nous conduisent désormais à rechercher le juste équilibre entre la recherche d’une sécurité sanitaire absolue et la nécessité de préserver conjointement les conditions de la reprise économique, sous peine d’être confrontés à des morts économiques, en plus grand nombre, venant s’ajouter à ceux déjà trop nombreux du Covid-19.

RELATED CONTENT

  • Authors
    Diana Quintero
    March 23, 2017
    Colombia is a country of incredible contrast: known to be one of the places on earth where people feel happiest, it is also one of the most unequal and for many decades, a country immersed in a protracted conflict. Despite the latter - and here is the starkest contrast - Colombia has recently succeeded in reducing poverty and building the foundations for sustainable growth and prosperity. The Santos administration has delivered on two of its main promises: sign a peace agreement wi ...
  • Authors
    Matheus Cavallari
    February 23, 2017
    Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and the other by bystanders receiving impacts of the former’s policies carries substantively different implications. Furthermore, using Brazil and the U.S. as examples, we also illustrate how the re ...
  • Authors
    Taoufik Abbad
    February 3, 2017
    La réflexion développée dans cet ouvrage part d’un constat alarmant et pressant. Le processus continu et renforcé de l’accumulation du capital, dans lequel s’est engagé le Maroc depuis les années 2000, a permis certes de préserver la stabilité des équilibres fondamentaux et d’amortir les différents chocs exogènes, aussi bien internes qu’externes, mais il n’a pas permis d’insuffler un accroissement plus important des gains de productivité et d’accélérer la transformation de la base p ...
  • Authors
    January 25, 2017
    In previous pieces, we have analyzed the run up to the still-ongoing Brazilian recession as a combination of factors. Given an “anemia” of productivity increases, an appetite for public spending without prioritization led to a condition of fiscal “obesity”. The external factors that provided for a boom in the new millennium, notwithstanding underlying vulnerabilities, have dissipated. The economic policy adopted as a response to the growth decline aggravated those vulnerabilities. O ...
  • Authors
    Thomas Awazu Pereira da Silva
    January 2, 2017
    This year, under the patronage of His Majesty King Mohammed VI, the OCP Policy Center (OCPPC) - in collaboration with the German Marshall Fund of the United States (GMFUS) - hosted and organized the fifth Atlantic Dialogues, gathering over 300 high-level international public- and private-sector leaders from the Atlantic Basin to discuss cross-regional issues ranging from economic and social development, security and trade, to migration, resources, and energy. This year’s event, loca ...
  • Authors
    Vera Songwe
    December 23, 2016
    Partout dans le monde, l'intégration économique régionale permet d'accélérer la croissance et le développement en apportant une panoplie d'avantages liés à une meilleure coopération politique, à un commerce intra-régional accru et à la création d'emplois. Les régions qui sont plus intégrées se sont révélées capables de connaître une croissance plus rapide et ont fait preuve d'une plus grande capacité d'adaptation en période de ralentissement de l'économie mondiale. Alors que l'écono ...
  • Authors
    Matheus Cavallari
    November 15, 2016
    U.S. assets reacted in a see-saw fashion to Donald Trump’s victory. Stock futures first dove deeply before climbing up to strong gains as investors developed a view on what kind of economic policy president-elect Trump is likely to pursue. They seem to be pricing in an expectation of higher growth and inflation, as well as an earlier Federal Reserve exit from ultra-low interest rates and from holding U$ 4.45 trillion of Treasury bonds. Shock waves hit international financial market ...
  • Authors
    November 7, 2016
    Despite the gloomy tone of much discussion at the just-concluded IMF and World Bank annual meetings, the global economy is not in as bad shape as many think. The concerns about “secular stagnation” in advanced countries are also overplayed, and nor are developing countries directly exposed to such risks. By contrast, the pessimism about the prospects for MENA are unfortunately largely justified. Most importantly, at the global and at the MENA level the biggest concerns are not econo ...
  • Authors
    November 4, 2016
    Discussions around large current account imbalances among systemically relevant economies as a threat to the stability of the global economy faded out in the aftermath of the global financial crisis. More recently, some signs of a possible resurgence of rising imbalances have brought back attention to the issue. We argue here that, while not a threat to global financial stability, the resurgence of these imbalances reveals a sub-par performance of the global economy in terms of fore ...
  • Authors
    October 14, 2016
    Brazil’s GDP contraction since mid-2014 has multiple non-fiscal roots - Canuto (2016a; 2014) – but it has morphed into an unsustainable fiscal trajectory (Canuto, 2016b). Dealing with the latter has become a precondition for full economic recovery and the Brazilian government has submitted to Congress a constitutional amendment bill mandating a public spending cap for the next 20 years. This piece considers how the Brazilian landscape evolved toward such a precipice and why addition ...