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International Collaboration in Times of Pandemics: An Urgent Need for Reforming our Global Financial System

Author

Listed:
  • Murat Arsel

    (Murat Arselis affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Binyam Afewerk Demena

    (Binyam Afewerk Demenais affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Andrea Floridi

    (Andrea Floridi is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Georgina M. Gómez

    (Georgina M. Gomez is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Genet Haile

    (Genet Haile is affiliated with Dutch Council for Refugees, the Netherlands.)

  • Agni Kalfagianni

    (Agni Kalfagianni is affiliated with Utrecht University, the Netherlands.)

  • Farhad Mukhtarov

    (Farhad Mukhtarov is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Syed Mansoob Murshed

    (Syed Mansoob Murshed is affiliated with Erasmus University Rotterdam, the Netherlands and Coventry University, UK.)

  • Elissaios Papyrakis

    (Elissaios Papyrakis is the corresponding author (papyrakis@iss.nl) and affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Lorenzo Pellegrini

    (Lorenzo Pellegrini is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Matthias Rieger

    (Matthias Rieger is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Zemzem Shigute

    (Zemzem Shigute is affiliated with Erasmus University Rotterdam, the Netherlands.)

  • G. J. Andrés Uzín P.

    (G. J. Andres Uzin P. is affiliated with Universidad Privada Boliviana, Bolivia.)

  • Rolph van der Hoeven

    (Rolph van der Hoevenis affiliated with Erasmus University Rotterdam, the Netherlands.)

  • Rob Vos

    (Rob Vos institutional is affiliated with Erasmus University Rotterdam, the Netherlands and International Food Policy Research Institute, USA.)

  • Natascha Wagner

    (Natascha Wagner is affiliated with Radboud University Nijmegen, the Netherlands.)

Abstract

Better, swifter and more responsive international coordination is needed within our global financial system for the containment of the pandemic and its effects. This requires better international tax coordination with a higher global minimum corporate tax, comprehensive coverage of sectors and firms, inclusion of all current tax havens and more generous redistribution of excess profits to developing nations based on user location. There also needs to be a more substantial and easier-to-access mechanism for debt relief and restructuring, one that generously suspends debt payments in periods of crises and provides financial support without strict and painful conditionalities.

Suggested Citation

  • Murat Arsel & Binyam Afewerk Demena & Andrea Floridi & Georgina M. Gómez & Genet Haile & Agni Kalfagianni & Farhad Mukhtarov & Syed Mansoob Murshed & Elissaios Papyrakis & Lorenzo Pellegrini & Matthi, 2023. "International Collaboration in Times of Pandemics: An Urgent Need for Reforming our Global Financial System," Progress in Development Studies, , vol. 23(3), pages 338-343, July.
    • Handle: RePEc:sae:prodev:v:23:y:2023:i:3:p:338-343
    DOI: 10.1177/14649934231157238
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