The low-lying island nation’s digital solutions in the wake of the coronavirus pandemic have given new impetus to its efforts to harness the development gains of information and communications technology (ICT) and e-commerce.

This policy brief makes a case for protecting science, technology and innovation (STI) budgets during the COVID-19 crisis and its aftermath, based on the fact that continued investments in STI will be critical to the achievement of the 2030 Agenda for Sustainable Development.

Investment policies make an important contribution in tackling the devastating economic and social effects of the COVID-19 pandemic. Numerous countries around the globe have taken measures in support of investment or for protecting critical domestic industries in the crisis.

As countries adopt radical measures to bring the coronavirus pandemic under control, international trade and transport systems are under tremendous stress. Early evidence shows that international trade is collapsing, threatening access to goods and critical supplies.

The Covid-19 shock is posing unprecedented challenges to advanced country governments. But, if the challenges are huge in advanced economies, they are enormously more daunting in developing economies.

The coronavirus disease (COVID-19) pandemic is substantially impacting people’s lives and livelihoods and putting extreme stress on socioeconomic systems. International collaboration, coordination and solidarity among all is going to be key to overcoming this unprecedented global challenge.

The COVID-19 pandemic will cause a dramatic drop in foreign direct investment (FDI) flows. Multinational enterprises (MNEs), local businesses, and investment have been severely affected with far-reaching social and economic repercussions.

The COVID-19 pandemic is profoundly altering the manner in which individuals engage in work activities and go about their daily lives.

The spread of the latest strain of coronavirus (COVID-19) is disrupting economic and social life in multiple ways and dimensions. This crisis is unfolding at a time characterized by rapid digitilization, which is helping in the decision making process regarding response and adaptations to the situation by governments, business and consumers.

The global spread of COVID-19 exerts impact on foreign investment policies. The devastating economic effects of the pandemic are expected to drive down global FDI flows by 40%, to its lowst level of the past two decades.

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