The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in a health emergency. The virus and the infection control measures by governments have an enormous, worldwide economic impact: when countries are connected by trade in goods, when a lockdown closes factories in one place of the world, essential inputs go missing in other places. And when a corona-induced recession hits one country, or when that area closes its borders for precautionary reasons, sales of goods or receipts from tourism by other countries go down, driving them into an economic crisis even when their own infection rates may be low. In this volume, edited by Gabriel Felbermayr, researchers from the Kiel Institute and from outside the institute provide answers to the pressing questions: How does the crisis change our world? Will there be lasting effects on our economies and on our societies at large? What does this mean for the worldwide living conditions? In this volume, they shed light on these questions from various angles, but always maintaining the global perspective.
- Implications of Covid-19 for Globalization
Gabriel Felbermayr and Holger Görg
- Covid-19 – Six Lessons for International Trade
- The Threats of Protectionism in Deep Crises
- The Elusive Quest for Technological Leadership – What Really Matters in The World after Corona
Dirk Dohse and Julian Vehrke
- China’s Overseas Lending and the Looming Developing Country Debt Crisis
Sebastian Horn, Carmen M. Reinhart, and Christoph Trebesch
- The Collapse of Capital Flows to Emerging Markets: What are the Consequences?
Philipp Nickol and Lucie Stoppok
- Emerging from Covid-19: Scenarios for Africa
Kacana Sipangule Khadjavi, Tobias Stöhr, and Rainer Thiele
- Covid-19 Impact on International Migration: Upheaval in the Short Run, but Few Lasting Effects
- Global Safety Nets and Global Action to Release Vaccines: Necessary Tools to Face Global Pandemics
Gianluca Grimalda, Fernando Filgueira, Marc Fleurbaey, and Rubén Lo Vuolo
- Climate Policies Require a Long Breath
Wilfried Rickels and Sonja Peterson
- Reinvigorating multilateral cooperation during the Covid-19 crisis: Opportunities and difficulties
Dennis Görlich and Juliane Stein-Zalai
- The Impact of Covid-19 on Populism: Will it be Weakened?
Michael Bayerlein and Győző Gyöngyösi