There are two ways to look at progress in the developing world context. I think the right way to look at it is that there has been tremendous success. The downside is that, as we see with the threat of COVID as well as the risk of more natural disasters because of climate change, that they and the economies in which they live and work, are vulnerable - lacking resilience, obviously, especially now.
CGD Policy Blogs
The COVID-19 pandemic has reinforced destructive nationalism, but it has also highlighted the necessity of international collaboration. Global-minded citizens—starting in the United States—must now push their governments to cooperate and support multilateral institutions
The lockdowns throughout the world are creating a new type of brutal inequality: between those who continue to have a steady source of income and those who do not.