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Turning Crisis into Opportunity: How Global Economic Institutions Can Use COVID-19 to Address Global Challenges

posted on Sep 16, 2021
By Nicolas Verbeek - The COVID-19 crisis has exacerbated current global challenges. However, this article argues that this time of crisis can also be a unique opportunity for the existing global economic institutions - G20, WTO, IMF, and World Bank (WB) - to make the necessary improvements that are needed to effectively address the global challenges of our time. First and foremost, these challenges include the immediate health crisis, climate change, and global inequality. The opportunity has come to become effective altruists, that is, to do the best possible for people who are worse off at a moderate cost to oneself...

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