According to the ILO, since February last year, countries have implemented more than 1600 social programs to protect their population from the recession that we are experiencing due to COVID-19. In some cases (the US and the UK, for example) these programs have largely relied on direct transfers to people. In others, such as those in Continental Europe, they have relied largely on the states assuming part of the wages so that companies do not lay off their workers. Certainly most of this effort has taken place in rich countries, which by January are estimated to have invested 13% […]
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