Global Governance After the Covid-19 Crisis

Bibliographic Data

ID6151968
AuthorsMarina Ларионова (0000-0002-0403-0624, National Research University Higher School of Economics), John Kirton (0000-0003-3354-8681, University of Toronto)
Year2020
Volume15
Issue2
Pages7-23
Publication date2020-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Organisations Research Journal (JOURNAL)
Journal identifiersISSN: 1996-7845 • E-ISSN: 2542-2081
PublisherNational Research University, Higher School of Economics (HSE) (PUBLISHER)
DOI10.17323/1996-7845-2020-02-01
OpenAlexW3081395459
LanguageEN
Citations received8

Assessment of the impact of COVID-19 on international institutions and international relations is essential for shaping global governance for the post COVID crisis world. The authors review the actions of the key international institutions in response to the pandemic undertaken in January-March 2020 reflecting on three questions. First, were the actions undertaken by the international institutions adequate, coordinated and timely? Second, could the outbreak have been contained if the global governance system was not in a state of severe strain, with many of the gaps exposed and reforms promised in the wake of the 2009 financial and economic crisis unfulfilled, its key causes unaddressed and unilateralism rising among its key members? In addition, was the COVID-19 crisis exacerbated by the crisis of multilateralism? Third, and most difficult, what is the future of global governance after the COVID-19 crisis ends? The analysis of international institutions performance three months into the crisis leads to authors to conclude that there have been inadequate actions to produce a timely, coordinated international response from all the major multilateral organizations and from the newer plurilateral summit institutions of the BRICS, G7 and G20. The failure of these global governance institutions was due not only to the severe strains from leading members’ unilateralism and competition, but from the very architecture designed in 1945 that now poorly matches intensely globalized world. Global governance in the post COVID world should not descend into the old war-prone balance of power, nor flow from a new Bretton Woods-San Francisco as in 1944–1945 but from an intensification and expansion of G20 governance that will generate and coordinate more comprehensive, stronger multilateral organizations for the benefit of all

Corporate governance · Development economics · Economics · Geography · Global governance · International relations · International trade · Multilateralism · Political science · Politics · Summit · Unilateralism · Banking, Crisis Management, COVID-19 Impact · Economic and Business Development Strategies · Economic Issues in Ukraine · Law

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