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Lessons from Globalization and the COVID-19 Pandemic for Economic, Environmental and Social Policy

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Department of Economic Policy and Constitutional Economic Theory, Albert-Ludwigs-Universität Freiburg, 79098 Freiburg, Germany
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Freiburg Institute for Basic Income Studies (FRIBIS), 79098 Freiburg, Germany
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Author to whom correspondence should be addressed.
Academic Editor: Manfred Max Bergman
World 2021, 2(2), 308-333; https://doi.org/10.3390/world2020020
Received: 18 May 2021 / Revised: 2 June 2021 / Accepted: 4 June 2021 / Published: 11 June 2021
The rapidly spreading COVID-19 pandemic in 2020 not only brought many countries in the world to a state of health crisis, but also increasingly drove economic and social crisis. The roots of these crises, however, run far deeper and can be traced to decades of neoliberal political and economic actions and driving forces of globalization. Increasing globalization and liberalization of markets led to the increasing privatization of many public goods while collectivizing risks such as environmental disasters, pandemics and economic crises. This paper presents the context and emergence of these crisis states and derives public policy implications in the areas of externalities management, digitalization, and basic income based on a broad literature review. These key issues need to be addressed both during and after the crisis in order to address the problems of environmental quality and climate change mitigation, as well as rising inequality and injustice for current and future generations. View Full-Text
Keywords: COVID-19; crisis management; basic income; environmental politics; globalization; public policy; inequality; sustainable development COVID-19; crisis management; basic income; environmental politics; globalization; public policy; inequality; sustainable development
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MDPI and ACS Style

Blum, B.; Neumärker, B.K.J. Lessons from Globalization and the COVID-19 Pandemic for Economic, Environmental and Social Policy. World 2021, 2, 308-333. https://doi.org/10.3390/world2020020

AMA Style

Blum B, Neumärker BKJ. Lessons from Globalization and the COVID-19 Pandemic for Economic, Environmental and Social Policy. World. 2021; 2(2):308-333. https://doi.org/10.3390/world2020020

Chicago/Turabian Style

Blum, Bianca, and Bernhard K.J. Neumärker 2021. "Lessons from Globalization and the COVID-19 Pandemic for Economic, Environmental and Social Policy" World 2, no. 2: 308-333. https://doi.org/10.3390/world2020020

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