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Pandemics and the role of governments

Author

Listed:
  • Vito Tanzi

    (Fiscal Affairs Department, International Monetary Fund (IMF)
    International Institute of Public Finance)

Abstract

The recent pandemic has raised fundamental questions about the traditional role of government. That role has stressed the pursuit of national interests and identified the tools that governments should use in the pursuit of those interests. While over the past century the desirable role of the state was amended to include new objectives (such as equity and stabilization) the focus had remained national interests. This paper argues that this national focus has become increasingly anachronistic and damaging.

Suggested Citation

  • Vito Tanzi, 2021. "Pandemics and the role of governments," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 71(supplemen), pages 5-11, November.
    • Handle: RePEc:aka:aoecon:v:71:y:2021:i:supplement1:p:5-11
    DOI: 10.1556/032.2021.00026
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    More about this item

    Keywords

    public goods and public bads; national and global interests; global institutional architecture; pandemics; climate change; and other major disasters; risks; uncertainties;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization
    • H1 - Public Economics - - Structure and Scope of Government
    • H4 - Public Economics - - Publicly Provided Goods
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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