International Collaboration in Times of Pandemics: An Urgent Need for Reforming our Global Financial System

Murat Arsel, Binyam Afewerk Demena, Andrea Floridi, Georgina M. Gómez, Genet Haile, Agni Kalfagianni, Farhad Mukhtarov, Syed Mansoob Murshed, Elissaios Papyrakis, Lorenzo Pellegrini, Matthias Rieger, Zemzem Shigute, G. J. Andrés Uzín P., Rolph van der Hoeven, Robert Vos and Natascha Wagner
Additional contact information
Murat Arsel: Murat Arselis affiliated with Erasmus University Rotterdam, the Netherlands.
Binyam Afewerk Demena: Binyam Afewerk Demenais affiliated with Erasmus University Rotterdam, the Netherlands.
Andrea Floridi: Andrea Floridi is affiliated with Erasmus University Rotterdam, the Netherlands.
Georgina M. Gómez: Georgina M. Gomez is affiliated with Erasmus University Rotterdam, the Netherlands.
Genet Haile: Genet Haile is affiliated with Dutch Council for Refugees, the Netherlands.
Agni Kalfagianni: Agni Kalfagianni is affiliated with Utrecht University, the Netherlands.
Farhad Mukhtarov: Farhad Mukhtarov is affiliated with Erasmus University Rotterdam, the Netherlands.
Syed Mansoob Murshed: Syed Mansoob Murshed is affiliated with Erasmus University Rotterdam, the Netherlands and Coventry University, UK.
Elissaios Papyrakis: Elissaios Papyrakis is the corresponding author (papyrakis@iss.nl) and affiliated with Erasmus University Rotterdam, the Netherlands.
Lorenzo Pellegrini: Lorenzo Pellegrini is affiliated with Erasmus University Rotterdam, the Netherlands.
Zemzem Shigute: Zemzem Shigute is affiliated with Erasmus University Rotterdam, the Netherlands.
G. J. Andrés Uzín P.: G. J. Andres Uzin P. is affiliated with Universidad Privada Boliviana, Bolivia.
Rolph van der Hoeven: Rolph van der Hoevenis affiliated with Erasmus University Rotterdam, the Netherlands.

Progress in Development Studies, 2023, vol. 23, issue 3, 338-343

Abstract: Better, swifter and more responsive international coordination is needed within our global financial system for the containment of the pandemic and its effects. This requires better international tax coordination with a higher global minimum corporate tax, comprehensive coverage of sectors and firms, inclusion of all current tax havens and more generous redistribution of excess profits to developing nations based on user location. There also needs to be a more substantial and easier-to-access mechanism for debt relief and restructuring, one that generously suspends debt payments in periods of crises and provides financial support without strict and painful conditionalities.

Keywords: COVID-19; international development; global financial system (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:prodev:v:23:y:2023:i:3:p:338-343

DOI: 10.1177/14649934231157238

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