Can digitization mitigate COVID-19 damages? Evidence from Developing Countries

The COVID-19 pandemic is unusual in that it poses a fundamental challenge to the global socio-economic system. This challenge is forcing countries to reexamine social practices and production systems otherwise considered normal until the end of last year. In fact, because of this novel Coronavirus, most economists predict a global recession this year.

For instance, the International Monetary Fund (IMF, 2020) estimates that the global economy will contract by – 3% in 2020, much worse than during the 2008–09 financial crisis.

The work presented in this paper uses empirical evidence to highlight the important role digital technology could play in mitigating the pandemic’s disruption while evaluating the level of preparedness of developing countries to face this challenge.

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