It would be the understatement of the century to say that the COVID-19 pandemic has negatively disrupted nations’ economies. In the Southeast Asian region, where economies are considerably dependent on tourism, economic recovery has been particularly brutal. However, many of these Southeast countries have compromised democratic ideals to revive the economy. For example, Thailand has expanded upon the government’s emergency powers, and Indonesia has enacted procedures to curtail expressions criticizing the government’s COVID-19 response. These actions are worrisome to democracy promoters, but the question remains: is it necessary to limit freedom in times of emergency?
On November 8th, 2020, Luis Arce was sworn in as the third president of the Plurinational State of Bolivia.  Before serving as the presidential candidate for the Movimiento al Socialismo party, Arce served as Economic Minister under its previous leader, Evo Morales. During his tenure, he implemented policies that delivered economic growth rates far exceeding other Latin American countries. The Center for Economic Policy Research (CEPR) noted that during his tenure, Bolivian GDP per capita rose more than 50%- one of the highest in the world.  This radical transformation was in part owed to nationalizations he oversaw: from 2006 to 2019, industries such as telecommunications and mining were nationalized to finance anti-poverty campaigns. These programs also paid astounding dividends, with poverty rates slashed in half from over 60% in 2006 to 35% in 2019. 
The intersection between migration and development is a complicated nexus of factors, including the impacts of migration patterns on development. One interesting migration phenomenon that greatly impacts development is known as brain drain.
Most developed nations are currently facing post-Great Recession economic sluggishness that has responded inadequately to both traditional fiscal and monetary policy tools. While the sources of this crisis lie in a vast array of social, political, demographic, and economic problems, one key issue for East Asia, in particular, is consumer spending.