Covid-19 and Global ‘At-Risk Community’: From Benefit-Sharing to Risk-Sharing of Economic Crisis

Abstract

Covid-19 has created a global economic and public health crisis. The risk spread from China to the rest of the world through the institutions and practices of globalization. The global market economy has proved its institutional inabil-ity to share the risk of production crisis. Covid-19 formed a global ‘at-risk community’ beyond the national boundaries. This ‘at-risk community’ became a divisive force in determining the extent of economic crisis and the nation-state is more vulnerable to engage with the newly formed ‘at-risk community’.