Schlagwort: Crisis

Lessons for Global Cooperation from the COVID-19 Pandemic

Image: Numbers on a table of a stockmarket

Picture by Gerd Altmann on Pixabay

The COVID-19 (or coronavirus) disease has led to a major pandemic that has spread to virtually all countries of the world. Although at the time of writing the epidemic has mainly hit South East Asian and Western countries (see Figure below), it is likely that Developing Countries (DCs) will also be heavily affected in the weeks to come.…

Is the G20 more Effective in Crisis times?

Many observers have expressed frustration with the G20’s growing ineffectiveness after its stellar role in averting a global financial meltdown and deep recession following the 2008 crisis. Its subsequent performance has never quite matched up to that as the body traversed from crisis to recovery mode. Consensus and cooperation has eluded it more often than not since, in part because of shift in focus to more complex, underlying economic issues.