IDEAS home Printed from https://ideas.repec.org/p/era/wpaper/dp-2021-08.html
   My bibliography  Save this paper

How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses

Author

Listed:
  • Antonio Fanelli

Abstract

This paper conducts a comparative review of the evolution of the economic crisis generated by the coronavirus disease (COVID-19) pandemic and the responses enacted by the Association of Southeast Asian Nations (ASEAN) and the European Union. It highlights differences and common elements in the strategic approaches, the intensity of the interventions, and governance structures. In the final section, it identifies short- and medium-term actions, inspired by the comparative analysis, which could contribute to improve the ASEAN response.

Suggested Citation

  • Antonio Fanelli, 2021. "How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses," Working Papers DP-2021-08, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2021-08
    as

    Download full text from publisher

    File URL: https://www.eria.org/uploads/media/discussion-papers/ERIA-Research-on-COVID-19/How-ASEAN-Can-Improve-Its-Response-to-the-Economic-Crisis-Generated-by-the-COVID-19-Pandemic.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Archanun Kohpaiboon & Juthathip Jongwanich, 2021. "The Effect of the COVID-19 Pandemic on Global Production Sharing in East Asia," Working Papers DP-2021-03, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, April 2020," World Bank Publications - Reports 33477, The World Bank Group.
    3. Fauziah Zen & Fukunari Kimura, 2020. "Maintaining Fiscal Sustainability during the Pandemic Crisis," Working Papers PB-2020-04, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Ben Shepherd, 2021. "Facilitating Trade in Pharmaceuticals: A Response to the COVID-19 Pandemic," Working Papers DP-2021-05, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Economic Research Institute for ASEAN and East Asia (ERIA), 2020. "COVID-19 and Southeast and East Asian Economic Integration: Understanding the Consequences for the Future," Working Papers PB-2020-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    6. Hai Anh La & Riyana Miranti, 2021. "Financial Market Responses to Government COVID-19 Pandemic Interventions: Empirical Evidence from South-East and East Asia," Working Papers DP-2021-07, Economic Research Institute for ASEAN and East Asia (ERIA).
    7. Alberto Posso, 2021. "Could the COVID-19 Crisis Affect Remittances and Labour Supply in ASEAN Economies? Macroeconomic Conjectures Based on the SARS Epidemic," Working Papers DP-2021-06, Economic Research Institute for ASEAN and East Asia (ERIA).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Liew, Venus Khim-Sen & Puah, Chin-Hong, 2020. "Chinese stock market sectoral indices performance in the time of novel coronavirus pandemic," MPRA Paper 100414, University Library of Munich, Germany, revised 28 Apr 2020.
    2. Chin Hee Hahn, & Ju Hyun Pyun, 2021. "Export Market Survival of Pioneers and Followers," Working Papers DP-2021-46, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Amory Martin & Maryia Markhvida & Stéphane Hallegatte & Brian Walsh, 2020. "Socio-Economic Impacts of COVID-19 on Household Consumption and Poverty," Economics of Disasters and Climate Change, Springer, vol. 4(3), pages 453-479, October.
    4. Christopher Findlay & Hein Roelfsema & Niall Van De Wouw, 2021. "Feeling the Pulse of Global Value Chains: Air Cargo and COVID-19," Working Papers DP-2021-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Anirudh Shingal & Prachi Agarwal, 2020. "How did trade in GVC-based products respond to previous health shocks? Lessons for COVID-19," RSCAS Working Papers 2020/68, European University Institute.
    6. Oscar Fernando & Lili Yan Ing, 2022. "Indonesia’s Local Content Requirements: An Assessment on Consistency with Free Trade Agreement Commitments," Working Papers DP-2021-53, Economic Research Institute for ASEAN and East Asia (ERIA).
    7. Devadas,Sharmila & Guzman,Jorge P. & Kim,Young Eun & Loayza,Norman V. & Pennings,Steven Michael, 2020. "Malaysia's Economic Growth and Transition to High Income : An Application of the World Bank Long Term Growth Model (LTGM)," Policy Research Working Paper Series 9278, The World Bank.
    8. Zhan, Yue & Chen, Kevin Z., 2021. "Building resilient food system amidst COVID-19: Responses and lessons from China," Agricultural Systems, Elsevier, vol. 190(C).
    9. Aloysius Gunadi Brata & Eusebius Pantja Pramudya & Esther Sri Astuti & Heffi Christya Rahayu & Heronimus Heron, 2021. "COVID-19 and Socio-Economic Inequalities in Indonesia: A Subnational-level Analysis," Working Papers DP-2021-04, Economic Research Institute for ASEAN and East Asia (ERIA).
    10. Alongkorn Tanasritunyakul, 2023. "Export survival for Thailand after the COVID-19 pandemic," Discussion Papers 20230809, Thammasat University, Faculty of Economics, revised Oct 2023.
    11. Soonman Kwon & Eunkyoung Kim, 2022. "Sustainable Health Financing for COVID‐19 Preparedness and Response in Asia and the Pacific," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 140-156, January.
    12. Meltem A. Aran & Nazli Aktakke & Zehra Sena Kibar & Emre Üçkardeşler, 2022. "How to Assess the Child Poverty and Distributional Impact of COVID-19 Using Household Budget Surveys: An Application Using Turkish Data," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(4), pages 1997-2037, August.
    13. Pinkovetskaia Iuliia, 2022. "Impact of Covid-19 pandemic on household income: results of a survey of the economically active population," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(1), pages 43-57, March.
    14. Sarah Y Tong & Yao Li & Tuan Yuen Kong, 2021. "Exploring Digital Economic Agreements to Promote Digital Connectivity in ASEAN," Working Papers DP-2021-24, Economic Research Institute for ASEAN and East Asia (ERIA).
    15. World Bank Group, 2020. "Papua New Guinea Economic Update, July 2020," World Bank Publications - Reports 34079, The World Bank Group.
    16. Kugler, Maurice & Viollaz, Mariana & Duque, Daniel & Gaddis, Isis & Newhouse, David & Palacios-Lopez, Amparo & Weber, Michael, 2023. "How did the COVID-19 crisis affect different types of workers in the developing world?," World Development, Elsevier, vol. 170(C).
    17. Ben Shepherd, 2021. "Facilitating Trade in Pharmaceuticals: A Response to the COVID-19 Pandemic," Working Papers DP-2021-05, Economic Research Institute for ASEAN and East Asia (ERIA).
    18. Deepika Krishnan & Vishal Dagar, 2022. "Exchange Rate and Stock Markets During Trade Conflicts in the USA, China, and India," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(2), pages 185-203, May.
    19. Emily C. Blalock & Xiaojun Lyu, 2021. "Legitimate but “not for me”: The role of validation in migrant entrepreneur understanding of COVID‐19 business support policies in Shanghai," Growth and Change, Wiley Blackwell, vol. 52(3), pages 1482-1508, September.
    20. Christine Kapita Umumararungu & Appoline Kabera Bazubagira, 2021. "Community perceptions about Covid-19 and its socio-economic effects in Rwanda," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 302-310, June.

    More about this item

    Keywords

    COVID-19; ASEAN; European Union; regional economic recovery; strategies;
    All these keywords.

    JEL classification:

    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:era:wpaper:dp-2021-08. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ranti Amelia (email available below). General contact details of provider: https://edirc.repec.org/data/eriadid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.