Political Economy of Covid-19

Covid-19, Inequality and Government Responses

Jonathan Michie (Hrsg.), Maura Sheehan (Hrsg.)

ca. 62,33
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Taylor and Francis img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Sozialwissenschaften allgemein


This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy - on output and employment, on inequality, and on public policy responses. The Covid-19 pandemic has been the greatest public health crisis for a century - since the 'Spanish Flu' pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost - since much of this will continue to accumulate for some time to come - it will certainly be one of the greatest global economic shocks of the past century. Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a 'great reset' in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic - a harbinger for further such pandemics - there is an even greater need for a reset, and for the reset to be that much greater. The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.