This book examines the COVID-19 pandemic through socioeconomic lens
that draw on history, approaches to state-market relations, and
public policy perspectives In 2020, the world experienced the worst
pandemic since the outbreak of the Spanish Flu of 1918, which
continues to have far[1]reaching implications for the global
economy and triggered macro-economic dislocations that severely
affected the most vulnerable countries and segments of society.
This book was conceived as a response to the disruptive shifts
induced by the pandemic, with a particular focus on South Africa.
International experience has shown that countries and societies
that have gone through tough economic times, either as a
consequence of wars or economic depressions, have responded to
crises by enacting unpopular policy measures based on difficult
tradeoffs, which often made way for innovation. The authors outline
policy responses to the COVID-19 crisis and propose several
interventions to mitigate its effects. These include developing
innovative approaches to fiscal and monetary policies, labour
market policies, industrial policies, as well as social policies.
Building state capabilities, improving the governance and
performance of state institutions, and managing digital change are
some of the clear policy interventions that are laid out in this
book.
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