PropertyValue
?:abstract
  • The world economy is experiencing a deep recession amid a still unchecked pandemic. But the commitment to recovering better will not materialize if, as happened after the global financial crisis, the advanced economies resort to a policy mix of austerity, liberalization and quantitative easing. Such an approach will only worsen a whole set of pre-existing conditions and in particular, high inequality, excessive debt (both public and private and weak investment-that will lead to a lost decade, particularly for developing countries. What is needed instead is an expansionary plan for global recovery, that can credibly return even the most vulnerable countries to a stronger position than before the crisis. This paper sets out some of the key elements of such a plan and argues that its implementation will require systematic reforms to the multilateral trade and financial system if a more resilient recovery is to turn into a sustainable and inclusive future.
is ?:annotates of
?:creator
?:journal
  • Development_(Rome)
?:license
  • unk
?:publication_isRelatedTo_Disease
?:source
  • WHO
?:title
  • Recovering Better from COVID-19 Will Need a Rethink of Multilateralism
?:type
?:who_covidence_id
  • #919359
?:year
  • 2020

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