{"title":"病毒、美元和全球秩序:比较视角下的COVID-19危机","authors":"Ho-fung Hung","doi":"10.1111/dech.12735","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>In 2003, the SARS pandemic led to a framework of global public health governance which was characterized by cooperation between the USA and China, and China's increasing influence in the World Health Organization. In the wake of the global financial crisis of 2008, major economies of the world, above all the USA, established the standard of aggressive fiscal and monetary expansion to mitigate any major crisis of the global economy. The effectiveness of such expansions in bringing global economic recovery without fuelling out-of-control inflation hinged on the deepening of US–China economic integration. These global health and economic governance frameworks, which emerged from two previous crises, conditioned the global response to the COVID-19 pandemic in 2020. Ironically, the COVID-19 crisis and the global responses to it undermined the legitimacy of the global public health governing institutions and further aggravated US–China rivalry, which had started before the pandemic. On the other hand, the crisis sustained economic integration between the two countries, despite the US–China trade war that began on the eve of the pandemic. This contradictory geopolitical and geo-economic fallout of the COVID-19 crisis will bring more uncertainty and instability to the global order in the wake of the pandemic.</p>\n </div>","PeriodicalId":48194,"journal":{"name":"Development and Change","volume":null,"pages":null},"PeriodicalIF":3.0000,"publicationDate":"2022-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Virus, the Dollar, and the Global Order: The COVID-19 Crisis in Comparative Perspective\",\"authors\":\"Ho-fung Hung\",\"doi\":\"10.1111/dech.12735\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div>\\n \\n <p>In 2003, the SARS pandemic led to a framework of global public health governance which was characterized by cooperation between the USA and China, and China's increasing influence in the World Health Organization. In the wake of the global financial crisis of 2008, major economies of the world, above all the USA, established the standard of aggressive fiscal and monetary expansion to mitigate any major crisis of the global economy. The effectiveness of such expansions in bringing global economic recovery without fuelling out-of-control inflation hinged on the deepening of US–China economic integration. These global health and economic governance frameworks, which emerged from two previous crises, conditioned the global response to the COVID-19 pandemic in 2020. Ironically, the COVID-19 crisis and the global responses to it undermined the legitimacy of the global public health governing institutions and further aggravated US–China rivalry, which had started before the pandemic. On the other hand, the crisis sustained economic integration between the two countries, despite the US–China trade war that began on the eve of the pandemic. This contradictory geopolitical and geo-economic fallout of the COVID-19 crisis will bring more uncertainty and instability to the global order in the wake of the pandemic.</p>\\n </div>\",\"PeriodicalId\":48194,\"journal\":{\"name\":\"Development and Change\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":3.0000,\"publicationDate\":\"2022-09-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Development and Change\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/dech.12735\",\"RegionNum\":2,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"DEVELOPMENT STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Development and Change","FirstCategoryId":"90","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/dech.12735","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
The Virus, the Dollar, and the Global Order: The COVID-19 Crisis in Comparative Perspective
In 2003, the SARS pandemic led to a framework of global public health governance which was characterized by cooperation between the USA and China, and China's increasing influence in the World Health Organization. In the wake of the global financial crisis of 2008, major economies of the world, above all the USA, established the standard of aggressive fiscal and monetary expansion to mitigate any major crisis of the global economy. The effectiveness of such expansions in bringing global economic recovery without fuelling out-of-control inflation hinged on the deepening of US–China economic integration. These global health and economic governance frameworks, which emerged from two previous crises, conditioned the global response to the COVID-19 pandemic in 2020. Ironically, the COVID-19 crisis and the global responses to it undermined the legitimacy of the global public health governing institutions and further aggravated US–China rivalry, which had started before the pandemic. On the other hand, the crisis sustained economic integration between the two countries, despite the US–China trade war that began on the eve of the pandemic. This contradictory geopolitical and geo-economic fallout of the COVID-19 crisis will bring more uncertainty and instability to the global order in the wake of the pandemic.
期刊介绍:
Development and Change is essential reading for anyone interested in development studies and social change. It publishes articles from a wide range of authors, both well-established specialists and young scholars, and is an important resource for: - social science faculties and research institutions - international development agencies and NGOs - graduate teachers and researchers - all those with a serious interest in the dynamics of development, from reflective activists to analytical practitioners