2020, Volume 73 - Issue 4
RSS feed citation: At RePEc
Publication date: 19 November 2020
THE PROSPECTS FOR INTERNATIONAL ECONOMIC RELATIONS FOLLOWING THE COVID19 EMERGENCYRead the article
UNITED STATES-CHINA TRADE WAR AND THE EMERGENCE OF GLOBAL COVID-19 PANDEMICRead the article
WHEN THE CONTAGION EFFECT WENT LIVE: THE FIRST RESPONSES TO THE COVID-19 PANDEMICRead the article
THE IDES OF MARCH. DID ITALIAN COVID-19 CRISIS FUEL US ECONOMIC POLICY UNCERTAINTY?Read the article
Nicola ACOCELLA, University La Sapienza, Department of Public Economics, Rome, Italy
The pandemic will have many consequences, all the more important and heavier as it will prolong and it is sad to note that its length depends also on the tendency of large pharmaceutical firms to privatize the results of their research, not sharing them, in order to safeguard their patents. Apart from suspension – or some form of attenuation – of patents on these essential drugs, a policy aiming at an increased cooperation in the research of antidotes could be offered by a common pool of resources between the main countries.
The consequences of the pandemic will vary from those of an economic nature, on the levels and distribution of income between people and countries, to those of a social and political nature. In addition, one should note that the pandemic will influence the set-up of economic and political international cooperation, confirming or aggravating the protectionist tendency of the recent years.
D02, D43, E62, F42, F45
Supply Policies, Demand Policies, European Solutions, Solutions at a World Level
Forecasts on the length and intensity of the impact
The double nature of the shock: both a supply and demand shock
The policies needed: supply policies
Policies needed: demand policies
The solutions at a European level
Problems and solutions at a world level
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