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Editor's note: Kaushik Basu, a former chief economist of the World Bank and chief economic adviser to the Government of India, is Professor of Economics at Cornell University and Nonresident Senio

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Editor's note: Kaushik Basu is a former chief economist of the World Bank and chief economic adviser to the Government of India, Professor of Economics at Cornell University and Nonresident Senior

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A municipal worker sprays disinfectant at a makeshift isolation hospital for COVID-19 patients in Chennai, India, April 14, 2020. /Xinhua Editor's note: Kaushik Basu, former chief economist of