Synchronicity in Economic Policy amid the Pandemic
... policy coordination. Regional development institutions also have a comparative advantage in leveraging regional interdependencies to promote economic recovery. In conclusion, the global economy has arguably become more fragmented as a result of the Covid pandemic. The multiplicity of country models of dealing with the pandemic, the “vaccine competition”, the breaking up of global value chains and their nationalization and regionalization all point in the direction of greater localization and self-sufficiency. At the same time there ...