What can we learn about sequencing the levels of intervention and openness in an economy following a shock? How can economic theories, such as transition economics, inform this?

Background

COVID-19 has posed a major economic shock, disrupting trade flows, stretching supply chains, and challenging international organisations that uphold systems of global governance as well as broader perceptions of international openness. Beyond immediate policy responses, evidence should support long-term recovery and economic security within the global rules-based system.

Next steps

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Source

This question was published as part of the set of ARIs in this document:

DIT Areas of research interest 2020 to 2021 GOVUK

Related UKRI funded projects

  • GCRF_NF278 Building evidence on households, firms and value chains to support economic policy decisions under COVID-19

    IGC has worked with policymakers in the nine named countries to identify key research questions to understand how COVID-19 is impacting their economy, how the economic recovery can be accelerated, which policy interventi...

    Funded by: GCRF

    Lead research organisation: London School of Economics and Political Science

    Why might this be relevant?

    The project addresses the impact of COVID-19 on the economy, policy interventions, and recovery, which is directly related to the question.

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