The Coming Coronavirus Crisis: What Can We Learn?
Matteo Lucchese, Mario Pianta
Abstract
The coronavirus pandemic is bringing with it the prospect of severe financial and economic crises. The article investigates its economic consequences in terms of financial instability, economic recession, lower incomes and policy challenges at the national and European levels. What are some of the lessons that can be learned? This article argues that health is a global public good. Public health and welfare systems are crucial alternatives to the market and universal public health is a key element of an egalitarian policy.
Topics & Concepts
RecessionPandemicSocial policyPublic healthEconomicsCoronavirus disease 2019 (COVID-19)Financial crisisWelfareElement (criminal law)Economic policyHealth policyCoronavirusEuropean integrationPublic policyGlobal public goodHealth careGreat recessionGlobal recessionPolitical scienceEconomic growthMarket economyLabour economicsMacroeconomicsEuropean unionPublic goodMedicineDiseaseLawMicroeconomicsNursingInfectious disease (medical specialty)PathologyGlobal Health Care Issues