Beware the Kindleberger Trap in Global Health Governance

Abstract

The Covid-19 pandemic is both a public health crisis and a stress test for global health governance. Effective health governance hinges on the provision of global public goods for health. Generally, the hegemon underwrites the operation and stability of the global public health architecture by ensuring the sustained supply of global public goods for health. But when the hegemon is unable or unwilling to shoulder this responsibility, global health governance may run the risk of falling into a Kindleberger Trap. The leadership vacuum that is opening up amid the coronavirus pandemic is accelerating the process. At present, China should adopt a three-pronged approach to promote bilateral health cooperation with leading countries like the United States, strengthen regional institution-building with ASEAN, South Korea, Japan, and Belt and Road countries, and improve the performance, credibility, and integrity of global organizations like the WHO and G-20. The Kindleberger Trap in global health governance can be overcome by adapting regional health coordination to make it more agile and effective.