This month's featured article
Globalisation and the COVID-19 pandemic: A spatial economics perspective
FUJITA MasahisaProfessor, Konan University; Adjunct Professor, Institute of Economic Research, Kyoto University; Former President and Chief Research Officer, Research Institute of Economy, Trade and Industry
HAMAGUCHI NobuakiFaculty Fellow, RIETI
Unlike previous infectious diseases, which tended to be connected to poor environments, the epicentres of the COVID-19 pandemic have been the wealthiest metropolises of industrialised countries. This column argues that the population concentration in large cities has provoked an even more intensive agglomeration of social and economic activities in high-interaction environments, driving urban development but also fostering conditions for the spread of COVID-19. Globalisation further promoted concentration, migration, and inequality, which might hamper the restructuring of the post-pandemic global economy if effective international coordination and a multi-core international regime that values diversity and competition in creative endeavours continue to be threatened.
Contrary to many other infectious diseases, the novel COVID-19 virus does not have a direct connection to poor environments. Rather, the epicentres of the most severe outbreaks until mid-May 2020 were the wealthiest metropolises of industrialised countries.
To read the full text
https://www.rieti.go.jp/en/columns/v01_0148.html
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