COVID-19 and International Political Economy “The emergence of a novel coronavirus (SARS-CoV-2 / COVID-19) in 2019 may be the most consequential event of the early 21st century, upending modern life, globalization, and relations between countries. The outbreak of COVID-19 is a health crisis, with approximately 3 million cases and over 200,000 deaths and counting. It is also an economic one, with the various stayat-home ordinances and travel restrictions imposed to break the chain of transmission leading to dramatically diminished economic activity, massive unemployment, and income losses around the world” (Busby 2020). Use the event of COVID-19 to frame your responses: Identify and introduce the three (3) main theories in IPE Explore how each theory has attempted to explain the absence of global cooperation in the 21st century? Using examples to support the theoretical discussions, introduce at least two (2) rationales for each theory.] Further, scholars of IPE have long wondered about the durability of cooperation if there is hegemonic decline. With rising multipolarity in the economic arena, the hegemon could become less willing and able to provide public goods. Do you agree? Discuss with reference to the role of the United States, China, and International organisations in leading the war on the pandemic.  How does the uncertainty of global cooperation affect developing countries in the Caribbean and their ability to handle the virus and to protect their economies?