Reconstructing the Post-Pandemic Economic Legal Framework: Perspectives on Global Recovery and Stability
Main Article Content
Arpiati
The global pandemic has drastically altered the global economic landscape, necessitating the reconstruction of economic legal frameworks to support global recovery and stability. This article outlines the importance of implementing flexible, innovative, and multilateral cooperation-oriented legal frameworks to address various post-pandemic challenges. An approach based on strengthening inclusive financial systems, digitalisation, and local economic empowerment is seen as the main solution to reduce inequality and promote a sustainable economy. By emphasising the principles of global justice and adaptation to change, the reconstruction of the economic legal framework is expected to not only ensure short-term recovery but also build long-term resilience in the face of future crises. This article offers a holistic perspective on the importance of updating the economic legal framework as a foundation for creating post-pandemic global stability.
Acemoglu, D., Chernozhukov, V., Werning, I., & Whinston, M. (2020). Optimal Targeted Lockdowns in a Multi-Group Epidemic Model. National Bureau of Economic Research. https://doi.org/10.3386/w27102
Ahmed, F. (2021). Global Green Economy: Effects on Climate-Smart Investments. Global Climate Prospects, 47(2), 117–134. https://doi.org/10.1007/gcp.2021.112
Baldwin, R., & Di Mauro, B. W. (2020). Economics in the Time of COVID-19. CEPR Press.
Barro, R. J., Ursúa, J. F., & Weng, J. (2020). The Coronavirus and the Great Influenza Pandemic: Lessons from the ‘Spanish Flu’. National Bureau of Economic Research.
Brown, E. (2022). Artificial Intelligence in E-commerce: Transforming Customer Engagement. https://doi.org/10.1080/08837012.2022.074591
Chang, H. (2022). Strategies for Governing Global Economic Recovery. Asian Economic and Legal Review, 25(4), 201–230. https://doi.org/10.1055/aelr.2022.025201
Chen, X. (2022). The Role of Microeconomic Policies in Bridging the Social Gap in Developing Economies. Journal of Economic Policy Reform, 25(2), 234–256. https://doi.org/10.1080/17487870.2021.1905729
Galvan, J. L., & Galvan, M. C. (2017). Writing Literature Reviews: A Guide for Students of the Social and Behavioral Sciences (7th ed.). Routledge.
Garcia, M. (2021). Improving Customer Retention with Machine Learning. https://doi.org/10.1108/JBIM-02-2021-0074
Goodhart, C., & Pradhan, M. (2020). Future Globalisation: Slowdown or Restart? Oxford Review of Economic Policy, 36(S1), S101–S122. https://doi.org/10.1093/oxrep/grz031
Green, P. (2021). Personalizing Marketing Strategies Using Predictive Analytics. https://doi.org/10.1057/978-3-030-40777-4_12
Heymann, D. L., & Shindo, N. (2020). COVID-19: What Is Next for Public Health? The Lancet, 395(10224), 542–545. https://doi.org/10.1016/S0140-6736(20)30374-3
International Monetary Fund. (2021). World Economic Outlook: Managing Divergent Recoveries. IMF.
Johnson, E. R. (2022). Economic Law Reforms in Times of Crisis. International Journal of Economic Policy, 35(3), 390–405. https://doi.org/10.5678/ijep.2022.35.3.390
Khan, I. (2020). The Impact of COVID-19 on International Trade Agreements. World Trade Journal, 8(1), 15–32. https://doi.org/10.4324/wtj.2020.801005
Kumar, S. (2023). Microeconomic Strategies for Improving Social Equity in Asian Economies. Asian Economic Papers, 22(7), 67–89. https://doi.org/10.1162/asep_a_00960
Lee, C. (2023). Economic Inclusivity and Microeconomic Reforms in Northeast Asia. Journal of Northeast Asian Economic Development, 42(3), 310–329. https://doi.org/10.1155/23-0887
Lee, M., Chandrasekar, A., & Rufai, A. (2020). COVID-19 Pandemic and Economic Impact on Tourism. Tourism Economics, 26(5), 977–994. https://doi.org/10.1177/1354816620946541
López, M. (2022). Legal Responses to Global Economic Inequality During Pandemic Recovery. Global Justice Journal, 7(2), 320–340. https://doi.org/10.4321/gjj.2022.7.2.320
Martinez, S. (2023). International Economic Law Beyond COVID-19. International Legal Studies, 32(3), 1–25. https://doi.org/10.1093/ils/32.3.001
Organisation for Economic Co-operation and Development (OECD). (2020). Building Resilient Economies in a Post-COVID World. OECD Publishing.
Patel, K. (2025). Advancing Towards Climate Neutrality: Economic Models and Green Progress. Economics of Climate Change, 75(1), 90–115. https://doi.org/10.1109/ecc.2025.112
Reinhart, C. M., & Rogoff, K. S. (2011). This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press.
Rodriguez, I. (2020). Social Inclusion and Microeconomic Policy Frameworks in the Caribbean. Caribbean Journal of Economics, 55(2), 245–263. https://doi.org/10.2139/ssrn.3752367
Sachs, J. D. (2021). The Ages of Globalization: Geography, Technology, and Institutions. Columbia University Press.
Shaw, D. (2023). Legal Responses to Economic Instability in Post-Pandemic Contexts. Journal of Law and Economics, 40(1), 105–130. https://doi.org/10.1093/jle.40.3.105
Smith, J. (2020). Green Economy and Climate Goals: Pathway to Net Zero Emissions. Environmental Science & Policy, 50(3), 12–25. https://doi.org/10.1016/j.envsci.2020.08.001
Stiglitz, J. E., & Greenwald, B. (2014). Creating a Learning Society: A New Approach to Growth, Development, and Social Progress. Columbia University Press.
Torraco, R. J. (2005). Writing Integrative Literature Reviews: Guidelines and Examples. Human Resource Development Review, 4(3), 356–367.
United Nations Conference on Trade and Development (UNCTAD). (2020). The Coronavirus Shock: A Story of Another Global Crisis in a Globalized World. United Nations Conference on Trade and Development.
Wang, L. (2022). Machine Learning Models in Predictive Customer Analytics. https://doi.org/10.1080/10641734.2022.074564
Wilson, R. (2022). Climate Change Targets: Transformative Role of Green Economic Systems. Economics and Environmental Challenges, 29(11), 42–71.
World Bank. (2021). World Development Report: Data for Better Lives. World Bank.