Plagues put a mirror to the societies they afflict. A pandemic will expose the failures of a government that does not invest in the health of its constituents or address the collective risks that arise when vulnerable groups lack health protections. For such a society, taking those lessons and applying them to reduce the risks […]
Spain’s death toll from the coronavirus pandemic jumped to 5,690, with 832 patients dying in the past 24 hours, according to the health ministry. The announcement came as the number of people infected with the virus in the United States hit more than 104,000, according to a Johns Hopkins University tally, with deaths surpassing 1,700. […]
Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes” to minimize the economic and social impact of the Covid-19 pandemic. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members […]
President Trump has suggested America still has “a lot of power over the situation” and could yet find a middle ground. The U.S. leader will need all his famed dealmaking ability and more though to pull off what could be a deal of the century with Saudi Arabia, to keep U.S. energy independence and the […]
With the COVID-19 pandemic still spiralling out of control, the best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis. But given the flailing policy response so far, the chances of a far worse outcome are increasing by the day. Read Here – Project Syndicate
India’s 1.3 billion people have joined the global lockdown triggered by the outbreak as the World Health Organization (WHO) expressed concern at the acceleration of the pandemic in the United States. Germany recorded 4,191 new cases of the coronavirus and 36 more deaths, raising the total number of infections to 31,554. Read Here – Aljazeera
Throughout history, pandemics have led to an expansion of the power of the state. As the Black Death spread across Europe in 1348, the authorities in Venice closed the city’s port to vessels coming from plague-infested areas and forced all travelers into 30 days of isolation, which eventually became 40 days; hence the word quarantine. Read […]
Until the COVID-19 pandemic, the rise of nationalist and populist forces seemed inexorable, threatening to deal a fatal blow to rules-based multilateralism. Could the current global crisis spur a new wave of international cooperation of the sort that emerged after World War II? Read Here – Project Syndicate
Like the Sept. 11 attacks and the Great Recession, the coronavirus pandemic is an economic and geopolitical shock that will remain vivid in our minds long after it passes. But it is something more: Coronavirus is the historical marker between the first phase of globalisation and the second. Read Here – BloombergOpinion
The main (perhaps even the sole) objective of economic policy today should be to prevent social breakdown. Advanced societies must not allow economics, particularly the fortunes of financial markets, to blind them to the fact that the most important role economic policy can play now is to keep social bonds strong under this extraordinary pressure. […]
looking beyond borders 