“Protracted Pandemic Crisis = Risk of Great Collapse for weak states? An opportunity for reassessing EU’s development aid to promote good governance”, Michel-Henry Bouchet (CIFE)

Could the pandemic crisis be the outpost of an unprecedented structural shock on already weak countries? It might then create a “precipitation” of accumulated institutional and structural weaknesses to trigger a systemic shock, a sort of dreadful crystallization, i.e., state collapse. Many economies had pre-existing vulnerabilities, which are now intensifying, representing potential headwinds to any sustainable and inclusive recovery. The irony is that globalization, a sort of echo chamber, triggered a pernicious spillover effect. But in the meantime, the crisis makes that globalization is reaching its end. In a world of lower volumes of trade, capital and migration flows, and cultural integration, protectionism and nationalism can accelerate the process of state failure. Identifying which weak states are prone to fail might be an opportunity for reassessing EU’s concerted development aid for those few countries that show genuine commitment to good governance.

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