global arena research institute launches the
The global COVID-19 emergency emphasizes local and nation-based responses and national
collectivism in general. In the short term, it is understandable. The multilateral institutions (including the EU) were not devised with such a scenario in mind.
However, in the long run, going national and going local is not the way forward. Nation-states cannot win the fight against COVID-19 (or similar threats in the future) by themselves. Moreover, there is a mounting risk that such a nationalist bias will endure and last beyond the COVID-19 crisis.
GARI believes, instead, that it is imperative to look "beyond" the local and national horizons.
GARI launched the initiative "Beyond" to stress this point. We are starting by tracking and highlighting global, multilateral and EU-related measures to tackle COVID-19 and its consequences. We believe that the COVID-19 coverage in the (social) media favours reporting on national measures and national policies and politics, thus further prompts nationalism as such.
Our subsequent goal is to follow on implementation and impact of these measures in a coherent and continuous manner.
Any suggestions, inputs or comments welcome (via FB messenger, LinkedIn or email email@example.com)
Great Recession showed countries can’t fight the coronavirus economic crisis alone
WORLD ECONOMIC FORUM
As the world economy enters an unprecedented crisis caused by the COVID-19 pandemic, and policymakers in Washington and other global capitals prepare record fiscal stimulus plans, stakeholders should heed an important lesson from the last financial downturn in 2008: Recovery is only possible through coordinated global action.
A little more than 10 years ago, as the world was entering the Great Recession, stakeholders had to look far back in the rearview mirror to the Great Depression for policy guidance. While the actions of the 1930s did offer important lessons for 2008 — most notably the need to expand the money supply — the economy of the 1930s was fundamentally different than the global economy of the early part of this century. READ MORE: A lesson from the Great Recession...
Document: SHARED RESPONSIBILITY, GLOBAL SOLIDARITY: Responding to the socio-economic impacts of COVID-19 March 2020
The United Nations on Tuesday called for the launch of a “large-scale, coordinated and comprehensive multilateral response” to the coronavirus pandemic, an ambitious proposal that would amount to at least 10 per cent of global gross domestic product.
In a 26-page report, the intergovernmental organization outlined an action plan to address the various socio-economic impacts of Covid-19, which it described as a “global health crisis unlike any in the 75-year history of the United Nations.” POLITICO
Covid-19: time to unleash the power of international co-operation
The rapid spread of the dire human, social and economic impacts of the coronavirus crisis show just how interconnected we are. International co-operation has become –literally– vital.
A health crisis has set off a global economic crisis, where shocks on the demand and supply sides are combining in an unprecedented scenario. Many developing countries are bracing themselves. While Europe is struggling to contain and cope with a spiralling number of cases and fatalities, the effects in countries where health systems are already weak, economies are highly dependent on global demand, and strict containment policies are more difficult to implement, could be even more disastrous.