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Seven finance and trade lessons from Covid-19 for future pandemics
[‘What Drives Innovation? Lessons from COVID-19 R&D’]

Author

Listed:
  • Ruchir Agarwal
  • Gita Gopinath

Abstract

Pandemics and epidemics pose systemic risks to lives, societies, and to global economic security—and their frequency is expected to increase as rising trade and increased human interaction with animals leads to the emergence of new diseases. The Covid-19 pandemic teaches us that we can and must be better prepared, with scope for much greater global coordination to address the financing, supply-chain, and trade barriers that amplified the pandemic’s economic costs and contributed to the emergence of new variants. This paper draws seven early lessons from the Covid-19 pandemic that could inform future policy priorities and help shape a better global response to future crises.

Suggested Citation

  • Ruchir Agarwal & Gita Gopinath, 2022. "Seven finance and trade lessons from Covid-19 for future pandemics [‘What Drives Innovation? Lessons from COVID-19 R&D’]," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 38(4), pages 876-886.
    • Handle: RePEc:oup:oxford:v:38:y:2022:i:4:p:876-886.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grac031
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