Signs of life for global cooperation out of COVID-19
Author: Shiro Armstrong, ANU
The major global economies came together to put aside differences and coordinate policies to avoid the worst economic downturn since the great depression in the 1930s. That was in 2008 in the middle of the global financial crisis, half a lifetime ago. Yet the G20 and global economic cooperation were significantly absent during the much bigger health and economic crisis from the coronavirus pandemic.
With global cooperation and coordination the health crisis and economic downturn would have been much less severe. There was technical cooperation among health experts, starting with the rapid genomic sequencing of what became known as COVID-19, but countries restricted exports of personal protective equipment, food and medicines. The World Health Organization was hamstrung by geopolitics instead of backed in with the support it needed. The COVID-19 Vaccine…