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1.
Regional Science Policy and Practice ; 2023.
Article in English | Web of Science | ID: covidwho-20231263

ABSTRACT

The SARS-CoV-2 coronavirus pandemic has raised public debt sustainability issues, especially for Heavily Indebted Poor Countries (HIPC). Developing countries with limited fiscal space have had to take on significant external debts to help deal with the negative effects of the pandemic. This has led to further increases in the debt levels of these countries, with the potential to trigger a debt default. Addressing these issues, this study uses a framework for fiscal policy and public debt sustainability analysis. The results confirm the impact of the SARS-CoV-2 coronavirus pandemic on the debt levels of Ghana and Kenya. This study recommends the creation of domestic fiscal buffers and fiscal space toward the attainment of long-term debt sustainability, contrary to the popular view of offering debt relief to these countries.

2.
Contemporary Chinese Political Economy and Strategic Relations ; 7(1):3-44, 2021.
Article in English | Scopus | ID: covidwho-1548257

ABSTRACT

The coronavirus pandemic that emerged in 2019 had a profound impact on the world economy, trade, and international relations. The long-term effects of the pandemic are not yet known, but the countries of the world - including the global powers - have tried to adapt according to their own interests, and find the right answers to the challenges so that the pandemic might not decrease their international power. The study seeks to answer the question of how China, as a growing world power, has sought to address the pandemic disease in its policy relations with African countries. Economic and political relations between the Black Continent and the Asian superpower have been developing spectacularly since the 1990s. This system of relationships has its own peculiarities, which have already been addressed in several studies. What characterized the relationship between the two parties during the pandemic in the first months of 2020? What new challenges have threatened the relationship and what were the answers to these? What role do these issues play in the global competition that China and the United States are facing? The study is seeking to examine the events that happened internationally, since the outbreak of the pandemic until the first half of 2020. The sources of literature therefore mostly cover the news from the international press. These events are then to be interpreted in the context of China's previous policy towards the African continent. China's interest in Africa did not change during the pandemic;it has pursued the maintenance and strengthening of established relations and alliances. The main tool for this has been aiding poor countries, and thereby display an image of a responsible global power. In this, China could rely on the diplomatic relations it had built during the previous decades. However, the Asian superpower was forced to react to unexpected challenges, which it managed with success. The African allies have helped China to continue with its plans to transform the US-dominated world order towards its own interests. © 2021 Institute of China and Asia-Pacific Studies - National Sun Yat-sen University. All rights reserved.

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