Pandemics and the role of governments

Vito Tanzi ()
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Vito Tanzi: Fiscal Affairs Department, International Monetary Fund (IMF)

Acta Oeconomica, 2021, vol. 71, issue supplement1, 5-11

Abstract: The recent pandemic has raised fundamental questions about the traditional role of government. That role has stressed the pursuit of national interests and identified the tools that governments should use in the pursuit of those interests. While over the past century the desirable role of the state was amended to include new objectives (such as equity and stabilization) the focus had remained national interests. This paper argues that this national focus has become increasingly anachronistic and damaging.

Keywords: public goods and public bads; national and global interests; global institutional architecture; pandemics; climate change; and other major disasters; risks; uncertainties (search for similar items in EconPapers)
JEL-codes: B4 D21 D4 D7 E6 F5 F6 H1 H4 P1 Q5 (search for similar items in EconPapers)
Date: 2021
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