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; Rob Vos; Natascha Wagner

doi:10.1177/14649934231157238

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, Rob Vos, Natascha Wagner

College of Business & Law

Research output: Contribution to journal › Comment/debate › peer-review

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.

Original language	English
Pages (from-to)	338-343
Number of pages	6
Journal	Progress in Development Studies
Volume	23
Issue number	3
DOIs	https://doi.org/10.1177/14649934231157238
Publication status	Published - 31 Jul 2023

Bibliographical note

Keywords

COVID-19
global financial system
international development

ASJC Scopus subject areas

Development

Access to Document

10.1177/14649934231157238

Cite this

Arsel, M., Demena, B. A., Floridi, A., Gómez, G. M., Haile, G., Kalfagianni, A., Mukhtarov, F., Murshed, S. M., Papyrakis, E., Pellegrini, L., Rieger, M., Shigute, Z., P., G. J. A. U., Hoeven, R. V. D., Vos, R., & Wagner, N. (2023). International collaboration in times of pandemics: An urgent need for reforming our global financial system. Progress in Development Studies, 23(3), 338-343. https://doi.org/10.1177/14649934231157238

Arsel, M, Demena, BA, Floridi, A, Gómez, GM, Haile, G, Kalfagianni, A, Mukhtarov, F, Murshed, SM, Papyrakis, E, Pellegrini, L, Rieger, M, Shigute, Z, P., GJAU, Hoeven, RVD, Vos, R & Wagner, N 2023, 'International collaboration in times of pandemics: An urgent need for reforming our global financial system', Progress in Development Studies, vol. 23, no. 3, pp. 338-343. https://doi.org/10.1177/14649934231157238

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International collaboration in times of pandemics: An urgent need for reforming our global financial system

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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