SHRUTI JAIN, AARSHI TIRKEY, NANDINI SARMA, SRIJITA BOSE
The COVID-19 pandemic has led to the worst global economic crisis since the Great Depression in the 1930s. International trade has been severely impacted due to, among others, budgetary shortfalls, reduced access to medical equipment, and an overall decline in economic activity. Even before the pandemic hit, international trade was held hostage by trade wars in a deeply polarised world; COVID-19 further exposed the faultlines of the global economic order. It is essential to build institutional resilience through coordinated or joint policy responses to meet the pressing challenges posed by the pandemic. The Group of Twenty (G20) can play a critical role in spearheading a global recovery that is sustainable, inclusive and multilateral.
https://www.orfonline.org/research/can-the-g20-deliver-priorities-for-a-post-pandemic-world/
