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- W4292714097 abstract "The loss of well-being due to COVID-19 in Mexico was higher than expected for an integrated, open economy, member of the OECD, and G20, and it was particularly severe on the most vulnerable members of society. Early estimations and surveys indicate that in 2020 Mexico experienced the largest increase in extreme poverty in Latin America and the Caribbean, and faced a large share of distressed, out-of-work people and out-of-business entrepreneurs. On the health front, Mexico exhibits some of the worst mortality indicators due to COVID-19 in the world. This outcome is not an accident but the result of the interaction of elements in a system. In this chapter, the loss of well-being due to COVID-19 in Mexico is studied using a systemic approach as a framework. Results show that some weak key macro factors, a pre-pandemic worsening dynamic due to a set of poorly planned policy actions and reforms, and subpar public policies in the economic and health fronts to fight COVID-19 caused an additional loss of well-being of what could be expected. This analysis is complemented by some lessons and policy recommendations learned from Mexico’s case, which can be applied to improve the response to other negative external shocks that jeopardized the well-being of this and other countries and regions. The challenge for Mexico after the first year of COVID-19 is to change its public policy stance to save lives while vaccinating the population and providing significant financial aid to people and businesses during the economic reconstruction after the pandemic." @default.
- W4292714097 created "2022-08-23" @default.
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- W4292714097 date "2022-01-01" @default.
- W4292714097 modified "2023-10-10" @default.
- W4292714097 title "Loss of Well-Being During COVID-19 Pandemic in Mexico: A Public Policy Analysis Using a Systemic Approach" @default.
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- W4292714097 doi "https://doi.org/10.1007/978-3-030-98152-5_15" @default.
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