Page 98 - COVID-19: The Great Reset
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foreign  capital.  In  the  coming  years,  as  the  pandemic  inflicts
                hardship globally, it is most likely that the dynamic will only go one

                way for the world’s poorest and most fragile countries: from bad to
                worse. In short, many states that exhibit characteristics of fragility
                risk failing.


                     State  fragility  remains  one  of  the  most  critical  global
                challenges, particularly prevalent in Africa. Its causes are multiple

                and intertwined; they range from economic disparity, social issues,
                political  corruption  and  inefficiencies,  to  external  or  internal
                conflicts and natural disasters. Today, it is estimated that around

                1.8-2  billion  people  lived  in  fragile  states,  a  number  that  will
                certainly  increase  in  the  post-pandemic  era  because  fragile
                countries are particularly vulnerable to an outbreak of COVID-19.
                [101]  The very essence of their fragility – weak state capacity and

                the  associated  inability  to  ensure  the  fundamental  functions  of
                basic public services and security – makes them less able to cope
                with  the  virus.  The  situation  is  even  worse  in  failing  and  failed
                states  that  are  almost  always  victims  of  extreme  poverty  and

                fractious violence and, as such, can barely or no longer perform
                basic  public  functions  like  education,  security  or  governance.
                Within  their  power  vacuum,  helpless  people  fall  victim  to
                competing  factions  and  crime,  often  compelling  the  UN  or  a

                neighbouring  state  (not  always  well  intentioned)  to  intervene  to
                prevent  a  humanitarian  disaster.  For  many  such  states,  the
                pandemic will be the exogenous shock that forces them to fail and
                fall even further.



                     For all these reasons, it is almost a tautology to state that the
                damage inflicted by the pandemic to fragile and failing states will
                be  much  deeper  and  longer-lasting  than  in  the  richer  and  most
                developed economies. It will devastate some of the world’s most
                vulnerable  communities.  In  many  cases,  economic  disaster  will

                trigger some form of political instability and outbreaks of violence
                because  the  world’s  poorest  countries  will  suffer  from  two
                predicaments:  first,  the  breakdown  in  trade  and  supply  chains

                caused by the pandemic will provoke immediate devastation like
                no  remittances  or  increased  hunger;  and,  second,  further  down
                the  line,  they  will  endure  a  prolonged  and  severe  loss  of




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