ISSN 0868-4871
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ISSN 0868-4871
The COVID-19 Pandemic through the Lens of Political Economy

The COVID-19 Pandemic through the Lens of Political Economy

Abstract

This paper continues the series of articles published in the journal devoted to the analysis of the challenges of the current global crises in terms of their impact on world politics and international relations. The authors highlight several features of the pandemic crisis of 2020–2021, in particular the “global empathy,” violation of the spatial logic of globalization and the spread of “infodemics”. The paper presents an extensive overview of current research on the Corona Crisis through the prism of social science. The common understanding of all the risks and dangers generated by interdependence, the vulnerability of the transitional world order, democratic institutions, and the inevitability of the common fate of humankind are all elements dictating the need for transnational cooperation, reforms in global governance, regional integration, and greater legitimation of supranational factors. The authors emphasize the importance of the “global health” category in international relations and its growing influence on the world order. It is emphasized that global risks derived from the ongoing crisis are inherently political. Indeed, the coronavirus pandemic provides a compelling basis for bringing anti-crisis policy to the forefront of research in the whole range of “crisisology disciplines” like political science, world economy, global studies and environmental political studies, social psychology, international relations, political forecasting, and theories of sustainable development. Finally, the article focuses on the emerging opportunities for Russia, the implementation of which is associated with maintaining biotechnological leadership in the development of vaccines and its transformation into the increasing international authority, trust, and soft power.

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Keywords: pandemic; СOVID-19; global crisis; world politics; international relations; crisisology; global health; vaccines; biopolitics; inequality; post-pandemic recovery; sustainable development

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Number 2, 2021