The dawn of the new decade of the 21st century saw an unprecedented global crisis. This crisis led the world to halt economic and social progress. It led to a galloping increase in the economic inequality and migration of people in search of opportunities to save them from the current situation. The developing nations saw a sea of people migrating back to their roots in search of safe havens. This has led to the loss of jobs which has increased income inequality. Migrants face the risk of contagion and also the possible loss of employment, wages, and health insurance coverage. On the contrary, now when the world opens to a new reality, we see a dire shift in wages and salaries of the employee. There is a huge income disparity that has created an imbalance and pushed people to look for better avenues. The paper discusses the political economy of the developing nations and how the power play has led to the crisis of social, political and economic inequality and the movement of people. On how Lockdowns, loss of employment, and social distancing prompted a chaotic and painful process of mass return for internal migrants in nations like India. Immigrants who are potentially in a more vulnerable position in the labour market due to their generally less stable employment conditions are struggling to balance the economic inequality and the maintaining standard of living. Hence, the national governments need substantial structural reforms and social protection programs to help support struggling families. After all, faster economic growth is the quick way to bring people out of inequality.
Type of Issue
Bhogal, Ravneet Kaur
"Analysing Pandemic Induced Economic Inequality in Developing Nations,"
International Journal on Responsibility: Vol. 5:
2, Article 8.
Available at: https://commons.lib.jmu.edu/ijr/vol5/iss2/8
Demography, Population, and Ecology Commons, Growth and Development Commons, Health Economics Commons, Income Distribution Commons, Inequality and Stratification Commons, International and Area Studies Commons, Migration Studies Commons, Social Justice Commons