Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis

Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis

As the world faces its most significant health and economic crisis in almost one hundred years, international cooperation and global integration face their own watershed moment. Large developed economies cannot escape the fallout from isolationism...

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Bibliographic Details
Main Author: Nixon, Stewart
Format: Brief
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
GLOBALIZATION
ECONOMIC INTEGRATION
CORONAVIRUS
COVID-19
EXTERNAL EXPOSURE
TRADE POLICY
PANDEMIC IMPACT
Online Access:http://documents.worldbank.org/curated/en/569731598278330558/Global-Integration-Is-More-Important-than-Ever-to-Contain-the-Economic-and-Health-Fallout-and-Exit-the-COVID-19-Pandemic-Crisis
http://hdl.handle.net/10986/34394
id okr-10986-34394
recordtype oai_dc
spelling okr-10986-343942021-05-25T10:54:39Z Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis Nixon, Stewart GLOBALIZATION ECONOMIC INTEGRATION CORONAVIRUS COVID-19 EXTERNAL EXPOSURE TRADE POLICY PANDEMIC IMPACT As the world faces its most significant health and economic crisis in almost one hundred years, international cooperation and global integration face their own watershed moment. Large developed economies cannot escape the fallout from isolationism but have greater resources to weatherthe storm. Developing countries that rely upon large external economies, essential supply chains including food and medicine, inflows of capital and visitors, and participation in international labor markets are particularly vulnerable to a nationalistic crisis response. Global problems require coordinated global solutions to prevent disease from leading to widespread famine and death and economic contraction from disproportionately harming the most vulnerable. Global integration remains essential to developing country efforts to deal with the pandemic and recovery.Crisis-induced nationalist measures can be expected to increase the severity and duration of the economic downturn. This brief highlights the relative vulnerability of developing countries to a fractured global crisis response and how making international cooperation and exchange moredependable and crisis-proof can reduce vulnerability. 2020-08-28T15:43:33Z 2020-08-28T15:43:33Z 2020-08-24 Brief http://documents.worldbank.org/curated/en/569731598278330558/Global-Integration-Is-More-Important-than-Ever-to-Contain-the-Economic-and-Health-Fallout-and-Exit-the-COVID-19-Pandemic-Crisis http://hdl.handle.net/10986/34394 English Research and Policy Brief;No. 37 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic GLOBALIZATION
ECONOMIC INTEGRATION
CORONAVIRUS
COVID-19
EXTERNAL EXPOSURE
TRADE POLICY
PANDEMIC IMPACT
spellingShingle GLOBALIZATION
ECONOMIC INTEGRATION
CORONAVIRUS
COVID-19
EXTERNAL EXPOSURE
TRADE POLICY
PANDEMIC IMPACT
Nixon, Stewart
Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
relation Research and Policy Brief;No. 37
description As the world faces its most significant health and economic crisis in almost one hundred years, international cooperation and global integration face their own watershed moment. Large developed economies cannot escape the fallout from isolationism but have greater resources to weatherthe storm. Developing countries that rely upon large external economies, essential supply chains including food and medicine, inflows of capital and visitors, and participation in international labor markets are particularly vulnerable to a nationalistic crisis response. Global problems require coordinated global solutions to prevent disease from leading to widespread famine and death and economic contraction from disproportionately harming the most vulnerable. Global integration remains essential to developing country efforts to deal with the pandemic and recovery.Crisis-induced nationalist measures can be expected to increase the severity and duration of the economic downturn. This brief highlights the relative vulnerability of developing countries to a fractured global crisis response and how making international cooperation and exchange moredependable and crisis-proof can reduce vulnerability.
format Brief
author Nixon, Stewart
author_facet Nixon, Stewart
author_sort Nixon, Stewart
title Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
title_short Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
title_full Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
title_fullStr Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
title_full_unstemmed Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis
title_sort global integration is more important than ever to contain the economic and health fallout and exit the covid-19 pandemic crisis
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/569731598278330558/Global-Integration-Is-More-Important-than-Ever-to-Contain-the-Economic-and-Health-Fallout-and-Exit-the-COVID-19-Pandemic-Crisis
http://hdl.handle.net/10986/34394
_version_ 1764480807652556800

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