Learning from the COVID-19 pandemic: How to better prepare for the next global crisis.
Year: 2021
Type: article
Abstract: One and a half years after the outbreak of the COVID-19 pandemic, the “gloom-and-doom” predictions of world-wide recession, major disruptions in international trade, and rapidly rising unemployment appear to have been exaggerated. The 2008/2009 financial crisis had a much more negative impact on the economy than either a “typical” recession or past “modern” pandemics. The world’s economic system seems more resilient to health crises than to financial crises. The policy questions we wish to address here relate to another crisis confronting the world: the climate crisis. Will the global economy prove as resilient to the climate crisis as it has to the COVID-19 pandemic? Will a similar lasting inequality also result from the impact of the climate crisis?
Author: Luc Soete
Institution: Vrije Universiteit Brussel
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: green
OpenAlex ID: W3193273231