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AFTER COVID-19 (2) answer(s).
 
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ID:   186363


Assessing the China Factor in the India–Australia Strategic Partnership after COVID-19 / Kaura, Vinay; Rani, Meena   Journal Article
Kaura, Vinay Journal Article
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Summary/Abstract The article argues that India and Australia have a significant role to play amidst China’s expanding maritime footprint in the Indian Ocean and growing influence in the South China Sea. With worsening relations between India and China as well as Australia and China, both New Delhi and Canberra have been deepening their connections, particularly after the COVID-19 pandemic. The article explores China as a key point of interest in India–Australia maritime cooperation and concludes that India–Australia ties have opened up the possibilities for expanding the arc of India’s strategic partnerships in the Indo-Pacific region..
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2
ID:   186649


Crisis and Complementarities: a Comparative Political Economy of Economic Policies after COVID-19 / Voss, Dustin; Overbeke, Toon Van ; Hancké, Bob   Journal Article
Voss, Dustin Journal Article
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Summary/Abstract We examine economic policy responses to the COVID-19 induced economic collapse in Germany (a coordinated market economy) and the UK (a liberal market economy). The two countries responded to the symmetric economic shock with very similar furlough and business credit schemes to stabilize the demand and supply sides of the economy. However, since these policies fed into very different political-economic structures in both countries, they produced very different results. We attribute this divergence to the effect of “institutional complementarities,” the notion in Varieties of Capitalism that different elements of a system are mutually articulated and, therefore, mutually reinforcing beyond their initial contribution, or vice versa. Our results serve as a cautionary tale to policymakers that introducing policy elements developed in other institutional contexts is complex and challenge us to consider systematically the way in which institutional frameworks actively shape policy outcomes.
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