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The Coming Coronavirus Crisis: What Can We Learn?

Author

Listed:
  • Matteo Lucchese

    (Scuola Normale Superiore)

  • Mario Pianta

    (Scuola Normale Superiore)

Abstract

The coronavirus pandemic is bringing with it the prospect of severe financial and economic crises. The article investigates its economic consequences in terms of financial instability, economic recession, lower incomes and policy challenges at the national and European levels. What are some of the lessons that can be learned? This article argues that health is a global public good. Public health and welfare systems are crucial alternatives to the market and universal public health is a key element of an egalitarian policy.

Suggested Citation

  • Matteo Lucchese & Mario Pianta, 2020. "The Coming Coronavirus Crisis: What Can We Learn?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 98-104, March.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:2:d:10.1007_s10272-020-0878-0
    DOI: 10.1007/s10272-020-0878-0
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    References listed on IDEAS

    as
    1. Mario Pianta & Matteo Lucchese & Leopoldo Nascia, 2020. "The policy space for a novel industrial policy in Europe," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(3), pages 779-795.
    2. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    3. Lucchese, Matteo & Pianta, Mario, 2020. "Europe’s alternative: a Green Industrial Policy for sustainability and convergence," MPRA Paper 98705, University Library of Munich, Germany.
    4. Armiento, Mirko, 2018. "The Sustainable Welfare Index: Towards a Threshold Effect for Italy," Ecological Economics, Elsevier, vol. 152(C), pages 296-309.
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    Cited by:

    1. Luca Aquilanti & Andrea Santarelli & Marco Mascitti & Maurizio Procaccini & Giorgio Rappelli, 2020. "Dental Care Access and the Elderly: What Is the Role of Teledentistry? A Systematic Review," IJERPH, MDPI, vol. 17(23), pages 1-13, December.
    2. Bianca Blum & Bernhard K. J. Neumärker, 2021. "Lessons from Globalization and the COVID-19 Pandemic for Economic, Environmental and Social Policy," World, MDPI, vol. 2(2), pages 1-26, June.
    3. Kovac Mitja & Elkanawati Amira & Gjikolli Vita & Vandenberghe Ann-Sophie, 2020. "The Covid-19 pandemic: collective action and European public policy under stress," Central European Journal of Public Policy, Sciendo, vol. 14(2), pages 47-59, December.
    4. Matteo Lucchese & Mario Pianta, 2021. "Il Piano Nazionale di Ripresa e Resilienza in una prospettiva di politica industriale. (Italy's National Recovery and Resilience Plan in an industrial policy perspective)," Moneta e Credito, Economia civile, vol. 74(295), pages 177-190.
    5. Blum, Bianca & Neumärker, Bernhard, 2020. "Globalization, Environmental Damage and the Corona Pandemic – Lessons from the Crisis for Economic, Environmental and Social Policy," FRIBIS Discussion Paper Series 02-2020 EN, University of Freiburg, Freiburg Institute for Basic Income Studies (FRIBIS).
    6. Francesco Crespi & Serenella Caravella & Mirko Menghini & Chiara Salvatori, 2021. "European Technological Sovereignty: An Emerging Framework for Policy Strategy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(6), pages 348-354, November.
    7. Andrea Coveri & Claudio Cozza & Leopoldo Nascia & Antonello Zanfei, 2020. "Supply chain contagion and the role of industrial policy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 467-482, September.
    8. G. Dosi & L. Fanti & M. E. Virgillito, 2020. "Unequal societies in usual times, unjust societies in pandemic ones," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 371-389, September.
    9. Ioana Claudia Dobre, 2021. "Rethinking the Welfare State in Global Economy Affected by Pandemic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 125-129, December.
    10. Manuel Duarte Pinheiro & Nuno Cardoso Luís, 2020. "COVID-19 Could Leverage a Sustainable Built Environment," Sustainability, MDPI, vol. 12(14), pages 1-28, July.
    11. Armanda Cetrulo & Dario Guarascio & Maria Enrica Virgillito, 2020. "The Privilege of Working From Home at the Time of Social Distancing," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 142-147, May.
    12. Blum, Bianca & Neumärker, Karl Justus Bernhard, 2020. "Globalization, environmental damage and the Corona pandemic: Lessons from the crisis for economic, environmental and social policy," The Constitutional Economics Network Working Papers 02-2020, University of Freiburg, Department of Economic Policy and Constitutional Economic Theory.
    13. Luca Aquilanti & Silvia Gallegati & Valerio Temperini & Luigi Ferrante & Edlira Skrami & Maurizio Procaccini & Giorgio Rappelli, 2020. "Italian Response to Coronavirus Pandemic in Dental Care Access: The DeCADE Study," IJERPH, MDPI, vol. 17(19), pages 1-12, September.
    14. Faaza Fakhrunnas & Rindang Nuri Isnaini Nugrohowati & Razali Haron & Mohammad Bekti Hendrie Anto, 2022. "The Determinants of Non-Performing Loans in the Indonesian Banking Industry: An Asymmetric Approach Before and During the Pandemic Crisis," SAGE Open, , vol. 12(2), pages 21582440221, June.
    15. Blum, Bianca & Neumärker, Bernhard, 2020. "Globalization, Environmental Damage and the Corona Pandemic – Lessons from the Crisis for Economic, Environmental and Social Policy (German Version)," FRIBIS Discussion Paper Series 02-2020 DE, University of Freiburg, Freiburg Institute for Basic Income Studies (FRIBIS).
    16. Bonacini, Luca & Gallo, Giovanni & Scicchitano, Sergio, 2020. "All that glitters is not gold. Effects of working from home on income inequality at the time of COVID-19," GLO Discussion Paper Series 541, Global Labor Organization (GLO).

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