To those already predisposed to favour domestic production over international trade, the COVID-19 pandemic seems like a case in point. Yet a closer look at the facts shows that, if anything, the current crisis offers powerful evidence of why we need global supply chains and widely distributed production. Read Here – Project Syndicate
The viruses and related diseases are not necessarily new but the spillover to humans appears to be occurring with increasing frequency. These viruses are unfamiliar to human immune systems and therein lies the problem… When further propagated by global supply chains, what previously might have been isolated pockets of disease turn into global concerns—and in […]
The United States once built an international order that all but assured its own primacy. Yet of late, it has changed jobs from that of chief architect and builder to chief arsonist. The new U.S. narrative is one of victimisation—at the hands of everybody, but especially the Chinese—and Washington seems to want to burn the […]
Instead of using all the powers of the US federal government to limit the ravages of COVID-19, President Donald Trump’s administration is wasting precious time and energy blaming China for the spread of the virus. Pundits speak of a new cold war. But if the United States really intends to confront China in a struggle […]
The more India rises, the more it must expect Chinese opposition, and it will have to also work with other powers to ensure that its interests are protected in the neighbourhood, the region and the world. The balance will keep shifting between cooperation and competition with China, both of which characterise that relationship. Read Here […]
The U.S. Labor Department last week reported unemployment at 14.7%, with 20 million jobs lost in April. Administration economists warn US output may plummet at a 40% annual rate in the second quarter. Those staggering measures of economic suffering do not guarantee that President Donald Trump will meet the same one-term fate as Bush, who lost to […]
While many early indicators suggested that the coronavirus pandemic and efforts to contain it would be damaging to the labor economy, we’re now getting a fuller picture of just how bad the situation is in the United States. Read Here – Vox
So far, most investors have viewed the easing of lockdown measures as a big positive for markets….It’s true that for the economy to begin climbing out of a sharp recession, businesses must be allowed to reopen and restrictions on movement have to be lifted. But reopening also carries with it fresh risks. Read Here – CNN
The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are […]
To say that COVID-19 changes everything is already a cliché. But it’s also true. The pandemic is deepening tension between China and the United States, accelerating the digitalisation of commerce, and shining a bright light on the inequalities that divide our societies. It is also triggering dramatic knock-on effects in the criminal underworld. Read Here […]
