It is a great time currently to evaluate all policies and procedures. COVID-19 can help those countries to re-structure their systems and create new plans.

Nations would reform their Foreign Policy around self-reliance and protective policies as a strategy given the COVID-19 lessons.

In view of the already scarce economic resources and intensified by the worldwide decline in gross domestic product and the global recession in 2020, the internal distribution struggle in all societies of the world will become more intense. And in all probability it will hit the poor - as always - hardest. Economic inequality will continue to increase. Under these enormously crisis-ridden conditions and in view of the looming ecological-economic double crisis, which is affecting societies through climate change, chemical pollution of the ecosphere and species extinction with simultaneous recession, an emergency plan is needed. This must be based on a programme of strong sustainability. And it must be a programme that is no longer based on economic growth, but accepts that humanity will enter a post-growth era in the coming years. So, in order to stabilize societies, we need a rapid change in agricultural production. To achieve food security under the conditions of a changing climate. The subsistence economy that has been lost in recent decades and the small farms that produce locally and sustainably must be strengthened again. And this includes breaking away from dependence on large seed companies. The sharing of sustainable knowledge. The ideas of Vandana Shiva are of great importance here. Large sections of society must be enabled to earn a living without wage income, to be able to feed themselves and some other families independently. This is one of many important steps, but in my analysis it is one of the most significant.

One of the irony of global economic structure is that always developing countries are at the receiving end. In epoch of global economic crises (may be started in the developed economy) the developing economy suffer the most. Novel Corona virus have thus far negatively affected the globe in many aspects.

Predicting it economic and financial impact is a major key in forecasting recovery path. Although it might be difficult now, still better now than in the near future in order to reduce the hardship. In developing economy, the economic and financial hardship cause by corona virus, now is severe and if care is not taken future will be worse.

There are two pathway for the developing economic: either to look inward or outward and short and long term recovery paradigm. For the former I will advocate looking inward and short term is difficult due to global economic structure and individuals’ country structure but most complement the long term via foundation laying recovery path.

The outward cannot be limited to loan seeking and expecting aids, which by the behavior of the developing countries are good but still will not help them in the future. Especially the African countries should cut down political office holders and others related allowances like the legislatures and presidents. Reduce unnecessary international trips and number of person that may, for vital ones. Progressive tax will also earn a lot to the government. The money generated through taxes and others means can be given to Small and Medium Enterprises (SME) in form of loan. With country specific, in Nigeria, those SME should include agriculture in order to ensure food security and utilize the agricultural land that have not been in use. Counter trade in the light of economic advantage should be employ.

Those and many more will help in short term while in long term the government should focus in human resource development. Medical tourism in developed economy by developing economy leaders and rich individuals should be discourage and those money to be use in developing and equipping their home hospitals. Research should be encourage, so also merit be recognize and efforts rewarded. The issues associated with bad follower-ship, leadership and corruption should be address.

I am afraid of the enormous challenges the developing/poor countries have been facing prior the COVID-19 (Chinese Virus), and will continue to face in the post COVID-19 (Chinese Virus). Many developing/poor countries, for instance Nigeria my own society, exploit bad opportunity to steal from the government or society. Bad governance, poor oil price (mono-economy), and corruption endemic in Nigeria predict frightening financial and economic doom for Nigeria. Currently, Nigeria is making compulsive and obsessive borrowing from international bodies, and ruthless China. There is the fear that ruthless China is on the verge of taking their own turn in colonizing Africa and some other developing/poor countries. These predict further financial and economic danger for Nigeria. What is obtainable in Nigeria is to a great extent applicable to many developing/poor countries. Consequently, the INDEPENDENCE OF BIAFRA FROM NIGERIA WILL GIVE AFRICA AND BLACK RACE SOME PRESTIGE AND RESPECT BEFORE THE WORLD.

Both of them must concentrate on their own domestic products, and tried to not relies on other nations. They must understand their people's capabilities and the resources they have.

The key issue is the state of state finances, including the level of indebtedness of state finances, public debt, budget deficit, which could significantly be increased and / or generated by expensive interventionist, anti-crisis socio-economic policies. In terms of the state's debt, the relation of claims to domestic investors towards foreign investors is important. In addition, the functioning of the national currency in the economy, the level of technological development, the level of innovation and entrepreneurship, the resources of financial capital in the commercial financial system, creditworthiness ratings of key financial institutions and the country in the assessment of internationally operating rating agencies, etc. The state's finances will determine the possibilities of applying pro-development post-crisis socio-economic policy and thus the scale and effectiveness of interventionist programs for recovering the economy from the economic crisis. The above issues determine the possibilities of effective recovery from the economic crisis in both highly developed and developing countries.

Greetings,

Dariusz Prokopowicz

The poor countries should look inward and make use of their resources to push their economy up. I think paying more attention to agriculture and establishing industries to process the farm produce will help.

Exportation of processed goods instead of raw materials to other countries will be encouraged.

Projections from financial institutions already make it clear that nations all over the world will suffer financial loss. While developed nations may seem to have the structure in place to help them bounce back, developing nations must as a matter of urgency begin to lay the groundwork for recovery starting with policy reforms that support ease of doing business, favourable tax regimes that gives room for local businesses to flourish and attracts foreign direct investment, government support in form of easily accessible loans with low interest and grants, diversification into areas such as the cultural and creative industries.

Important factor is Sustainable Development with the limited resources and identifying the potential within the counties