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COVID-19: A Make or Break Moment for Global Policy Making

Coordinatore del gruppo di ricerca

Dr Chiara OLDANI, Università degli Studi della Tuscia

Partecipanti strutturati all’Università della Tuscia

Dr Chiara OLDANI, Università degli Studi della Tuscia

Partecipanti non strutturati all’Università della Tuscia

Dr. Pietro Maffettone, Department of Political Science, University of Naples Federico II

Descrizione sintetica dell’attività di ricerca

The COVID-19 pandemic poses an unprecedented set of challenges to Governments, policymakers and citizens; lockdowns and social distancing measures generate significant economic losses, fuel public expenditures and deficits and will no doubt significantly boost public debts. The burden of such measures is also likely to be disproportionately felt by the worse-off members of society and will weigh heavily on future generations. This is both unfair and runs the risk of politically destabilizing the recovery process. To avoid these outcomes unconventional policy measure such as taxes on private wealth and digital economic activities, but also public debt monetisation, should be considered. From a political perspective, governments should realise that policy coordination is the only successful exit strategy following a systemic economic shock. While the EU is moving faster than we are accustomed to, it still seems unable to respond quickly enough given the nature of the circumstances. In this picture, the G-20, provided it acts quickly over the coming months, could emerge as the sole global policy forum left on the playing field that can avoid that national interests will prevail eventually producing collectively sub-optimal results in the long-run.

Pubblicazioni ultimi 5 anni (Max 5 pubblicazioni)

Oldani, C. (2018) ‘Global financial regulatory reforms and sovereign’s exemption’. Journal of Financial Regulation and Compliance. [Online] 26 (2), 190–202. Available at: doi:10.1108/JFRC-11-2016-0105.

Maffettone, P. (2020) ‘No Country For (Poor) Old Men: Public Pensions and Fairness’. Political Studies Review – Journal of the UK Political Studies Association, n. 04.

Maffettone, P., Held, D. (2020) ‘Prolegomena to a Critical Theory of the Global Order’. Ethics and Global Politics, n. 10.

 Articoli pubblicati

Maffettone_Oldani_GlobalPolicy2020