Stefan Dercon's 'no-regret policies' for the COVID-19 crisis in developing countries

Professor Stefan Dercon  offers nine ideas for ‘no-regrets’ policymaking in the developing world. Writing for the Centre for Global Development, Dercon says: ‘Given the massive uncertainty surrounding how COVID-19 will play out in terms of health outcomes as well as economic and social outcomes, policymaking is as hard as it can possibly be. Measures that are sensible at the time they are taken may prove highly costly and ineffective in retrospect. No-regret policies are those that are worth doing now regardless of which scenario actually plays out.’