The EU Anti-Pandemic Economic Policy in View of Mitigating the Negative Effects of the COVID-19 Pandemic Cover Image

Antypandemiczna polityka gospodarcza UE w aspekcie możliwości ograniczania negatywnych skutków pandemii COVID-19
The EU Anti-Pandemic Economic Policy in View of Mitigating the Negative Effects of the COVID-19 Pandemic

Author(s): Janusz Rosiek
Subject(s): Economic policy, Health and medicine and law, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Uniwersytet Ignatianum w Krakowie
Keywords: anti-pandemic economic policy; European Union; COVID-19;

Summary/Abstract: RESEARCH OBJECTIVE: The main scientific objective of the study is to present the scale and areas of impact of the anti-pandemic economic policy conducted at the EU level and to present a general assessment of the effectiveness of this policy, as well as to propose methods of assessing its effectiveness. It is also important to put emphasis on the appropriate institutional and legal environment conditioning the effectiveness of this policy. An additional goal is to identify future challenges related to selected aspects of it. PROBLEM AND RESEARCH METHODS: Research problem: presenting the conditions, determinants (internal and external) and tools of the EU’s anti-pandemic economic policy and an attempt to evaluate its effectiveness. Research methods: Critical comparative analysis of the available literature, primarily studies on the scale, scope and effectiveness of the actual and potential aid provided by the EU to member states. THE PROCESS OF THE ARGUMENTATION: The reasoning will be based on the presentation of the measures taken so far by the EU in the field of anti-pandemic economic policy and on an attempt to determine their effectiveness. The considerations will be carried out in the aspect of the challenges faced by this policy in the context of the current socio-economic and health situation of the EU Member States. As a result, recommendations will be formulated, the implementation of which will allow for increasing the effectiveness of the EU economic policy in the time of a pandemic. In addition, proposals will be made on how to determine the effectiveness of this policy. RESEARCH RESULTS: The article presents the scale and scope of the impact of the EU’s anti-pandemic economic policy. An attempt was also made to define the conditions necessary to increase the effectiveness of its impact, and proposed methods for assessing its effectiveness. CONCLUSIONS, INNOVATIONS, AND RECOMMENDATIONS: 1. The scale of the EU's anti-pandemic economic policy is vast and unprecedented. It encompasses comprehensive actions aimed at practically all spheres of economic life. 2. However, the effectiveness of this policy is insufficient and therefore it requires significant revisions, mainly consisting of structural and institutional adjustments. 3. A full evaluation of the effectiveness of the EU's anti-pandemic economic policy is not possible due to the short period of analysis available, and therefore only a partial assessment can be made so far.

  • Issue Year: 12/2021
  • Issue No: 41
  • Page Range: 156-176
  • Page Count: 22
  • Language: Polish