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

M Arsel; BA Demena; A Floridi; GM Gomez; G Haile; A Kalfagianni; F Mukhtarov; SM Murshed; E Papyrakis; L Pellegrini; M Rieger; Z Shigute; GJA Uzin; R van der Hoeven; R Vos; N Wagner

doi:10.1177/14649934231157238

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

M Arsel, BA Demena, A Floridi, GM Gomez, G Haile, A Kalfagianni, F Mukhtarov, SM Murshed, E Papyrakis^*, L Pellegrini, M Rieger, Z Shigute, GJA Uzin, R van der Hoeven, R Vos, N Wagner

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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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
Early online date	31 Jul 2023
DOIs	https://doi.org/10.1177/14649934231157238
Publication status	Published - 2023

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© 2023 SAGE Publications.

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International Collaboration in Times of PandemicsFinal published version, 2.92 MBLicence: Article 25fa Dutch Copyright Act

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Arsel, M., Demena, BA., Floridi, A., Gomez, GM., Haile, G., Kalfagianni, A., Mukhtarov, F., Murshed, SM., Papyrakis, E., Pellegrini, L., Rieger, M., Shigute, Z., Uzin, GJA., van der Hoeven, R., 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

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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.",

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Arsel, M , Demena, BA, Floridi, A, Gomez, GM, Haile, G, Kalfagianni, A , Mukhtarov, F, Murshed, SM, Papyrakis, E , Pellegrini, L, Rieger, M, Shigute, Z, Uzin, GJA, van der Hoeven, R, 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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AU - Arsel, M

AU - Demena, BA

AU - Floridi, A

AU - Gomez, GM

AU - Haile, G

AU - Kalfagianni, A

AU - Mukhtarov, F

AU - Murshed, SM

AU - Papyrakis, E

AU - Pellegrini, L

AU - Rieger, M

AU - Shigute, Z

AU - Uzin, GJA

AU - van der Hoeven, R

AU - Vos, R

AU - Wagner, N

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JO - Progress in Development Studies

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

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