Financing the recovery from the havoc created by Covid: reinforcing the need for a world federal government
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2022
- ISIDORE Id: 10670/1.bfa179...
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charity crisis development equalization federalism inequality public debt public governance public policy taxation charity crisis development equalization federalism inequality public debt public governance public policy taxationSujets proches
Federalism Division of powers Federal systems Federal-state relations Federal-provincial relations Federal government--Law and legislationCiter ce document
Arvind Ashta et al., « Financing the recovery from the havoc created by Covid: reinforcing the need for a world federal government », Marché et organisations, ID : 10670/1.bfa179...
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COVID-19 is a global pandemic. Isolated efforts by individual countries are ineffective as the virus follows the movement of people. While many countries have spent lavishly, it is not clear how this will be financed. One proposal to manage the crisis is to create a global, federal government. COVID-19 generates new arguments in favor of this proposal: a global pandemic needs a global response, without which the virus cannot be contained; the capacity of countries to treat people is unequal, requiring transfers of vaccines and medicine; increasing demand so as to reboot economics requires a program of massive redistribution to the people who need to consume, most of whom live in poor countries. To achieve this, fiscal federalism equalization payments are required.
