IDEAS home Printed from https://ideas.repec.org/p/wbk/wbkrpb/152015.html
   My bibliography  Save this paper

Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis

Author

Listed:
  • Nixon, Stewart

Abstract

As the world faces its most significant health and economic crisis in almost one hundred years, international cooperation and global integration face their own watershed moment. Large developed economies cannot escape the fallout from isolationism but have greater resources to weatherthe storm. Developing countries that rely upon large external economies, essential supply chains including food and medicine, inflows of capital and visitors, and participation in international labor markets are particularly vulnerable to a nationalistic crisis response. Global problems require coordinated global solutions to prevent disease from leading to widespread famine and death and economic contraction from disproportionately harming the most vulnerable. Global integration remains essential to developing country efforts to deal with the pandemic and recovery.Crisis-induced nationalist measures can be expected to increase the severity and duration of the economic downturn. This brief highlights the relative vulnerability of developing countries to a fractured global crisis response and how making international cooperation and exchange moredependable and crisis-proof can reduce vulnerability.

Suggested Citation

  • Nixon, Stewart, 2020. "Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis," Research and Policy Briefs 152015, The World Bank.
  • Handle: RePEc:wbk:wbkrpb:152015
    as

    Download full text from publisher

    File URL: http://documents.worldbank.org/curated/en/569731598278330558/pdf/Global-Integration-Is-More-Important-than-Ever-to-Contain-the-Economic-and-Health-Fallout-and-Exit-the-COVID-19-Pandemic-Crisis.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sergi Basco & Martí Mestieri, 2019. "The world income distribution: the effects of international unbundling of production," Journal of Economic Growth, Springer, vol. 24(2), pages 189-221, June.
    2. Martin Ravallion, 2018. "Inequality and Globalization: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 56(2), pages 620-642, June.
    3. Deyshappria, Ravindra, 2018. "Globalization-Poverty Nexuses: Evidences from Cross-Country Analysis," Empirical Economic Review, Department of Economics and Statistics, Dr Hassan Murad School of Management, University of Management and Technology, Lahore, vol. 1(1), pages 25-48.
    4. Hyeon‐Seung Huh & Cyn‐Young Park, 2021. "A new index of globalisation: Measuring impacts of integration on economic growth and income inequality," The World Economy, Wiley Blackwell, vol. 44(2), pages 409-443, February.
    5. Loayza,Norman V., 2020. "Costs and Trade-Offs in the Fight Against the COVID-19 Pandemic : A Developing Country Perspective," Research and Policy Briefs 148535, The World Bank.
    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. Anda DAVID, 2019. "Reducing Inequalities. Policy Proposals for the Development Cooperation Agenda," Working Paper 73a7cfad-34cd-4de2-bb30-a, Agence française de développement.
    2. Anda DAVID, 2019. "Réduire les inégalités. Propositions d’agenda pour la coopération internationale," Working Paper 73a7cfad-34cd-4de2-bb30-a, Agence française de développement.
    3. Stewart Nixon, 2020. "Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis," World Bank Publications - Reports 34394, The World Bank Group.
    4. Christopher Hartwell, 2022. "Institutions and trade‐related inequality," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3246-3264, July.
    5. Ravallion, Martin, 2019. "Global inequality when unequal countries create unequal people," European Economic Review, Elsevier, vol. 111(C), pages 85-97.
    6. David Aristei & Cristiano Perugini, 2022. "Credit and income mobility in Russia," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(3), pages 639-669, September.
    7. Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    8. Laura Policardo & Edgar J. Sanchez Carrera, 2024. "Effects of Wealth Inequality and Segregation on Economic Growth: An Interpretation via Luxury Asset Holdings," Working Papers - Economics wp2024_09.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    9. Hausmann, Ricardo & Schetter, Ulrich, 2022. "Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare," World Development, Elsevier, vol. 153(C).
    10. Achuo, Elvis & Nchofoung, Tii & Asongu, Simplice & Dinga, Gildas, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," MPRA Paper 111556, University Library of Munich, Germany.
    11. Isaac K. Ofori & Francesco Figari & Nathanael Ojong, 2023. "Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth," Working Papers of the African Governance and Development Institute. 23/023, African Governance and Development Institute..
    12. Irina I. Smotritskaya & Nadezhda D. Frolova, 2021. "The corporate governance quality and market capitalization of Russian companies: An empirical analysis," Upravlenets, Ural State University of Economics, vol. 12(4), pages 2-15, September.
    13. Rory Horner & David Hulme, 2019. "From International to Global Development: New Geographies of 21st Century Development," Development and Change, International Institute of Social Studies, vol. 50(2), pages 347-378, March.
    14. Aladejare, Samson Adeniyi, 2023. "Economic prosperity, asymmetric natural resource income, and ecological demands in resource-reliant economies," Resources Policy, Elsevier, vol. 82(C).
    15. Ofori, Isaac K. & Figari, Francesco & Ojong, Nathanael, 2023. "Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth," MPRA Paper 116956, University Library of Munich, Germany.
    16. Pizzo, Alessandra & Villena-Roldán, Benjamin, 2024. "Labor markets, wage Inequality, and hiring selection," MPRA Paper 120281, University Library of Munich, Germany.
    17. Mr. Jose L. Torres, 2020. "Youth Unemployment in Uruguay," IMF Working Papers 2020/281, International Monetary Fund.
    18. Biswas, Debajyoti & Alfandari, Laurent, 2022. "Designing an optimal sequence of non‐pharmaceutical interventions for controlling COVID-19," European Journal of Operational Research, Elsevier, vol. 303(3), pages 1372-1391.
    19. Muhammad Shahid Hassan & Samra Bukhari & Noman Arshed, 2020. "Competitiveness, governance and globalization: What matters for poverty alleviation?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3491-3518, April.
    20. Ofori, Isaac & Asongu, Simplice, 2022. "Repackaging FDI for Inclusive Growth: Nullifying Effects and Policy Relevant Thresholds of Governance," MPRA Paper 119052, University Library of Munich, Germany.

    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:wbk:wbkrpb:152015. 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: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.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.