Towards Multilateralism 2.0: International Economic Relations in the Post Covid-19 Crisis
The present paper analyzes the trends (such as technological changes, geopolitical changes, institutional changes, climate changes, demographical changes) that occurred after the 2008 crisis and which challenged globalization and the post-World War 2 multilateralism. The proposed hypothesis is that...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2020-12-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_8_no_2/geo_2020_vol8_no2_art_001.pdf |
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| Summary: | The present paper analyzes the trends (such as technological changes, geopolitical changes, institutional changes, climate changes, demographical changes) that occurred after the 2008 crisis and which challenged globalization and the post-World War 2 multilateralism. The proposed hypothesis is that these changes would have changed anyway the world order and international economic relations, but the Covid-19 crisis accelerated, modified, and combined these trends in an unexpected ways. As the world economy and the participating actors need to adapt to the new circumstances, the paper proposes some requirements for the design of a new multilateralism which may lead to a more sustainable and less conflictual world. The conclusion is that challenges and changes, both related and non-related to Covid-19 crisis should be accepted and regarded as opportunities. The final part also presents some specific considerations about the challenges and opportunities for Romania in the post crisis period. |
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| ISSN: | 2343-9742 2343-9750 |