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Dexamethasone proves first life-saving drug

A cheap and widely available drug has been found to help save the lives of patients seriously ill with coronavirus. Dexamethasone is a low-dose steroid treatment that has had a major breakthrough in the fight against the deadly virus, UK experts say. About 19 out of 20 patients with coronavirus recover without being admitted to…

Coronavirus destroys jobs and worsens inequality, with or without full lockdown

The Coronavirus has plunged the world into the worst economic crisis since the Great Depression. But lifting lockdown measure may not rescue their economies to the degree they hope. Evidence from South Korea, which never shut private businesses, tells a cautionary tale. Taiwan and South Korea are also in midst of an economic downturn, although not as severe as…

The Bio Revolution: Innovations transforming economies, societies, and our lives

A confluence of advances in biological science and accelerating development of computing, automation, and artificial intelligence is fuelling a new wave of innovation.  This Bio Revolution could have significant impact on economies and our lives, from health and agriculture to consumer goods, and energy and materials. New biological applications are already improving our response to global…

The way back: What the world can learn from China’s travel restart after COVID-19

Countries and regions around the globe are gradually moving past the peak of the pandemic. With China’s COVID-19 lockdown over, travel is beginning to restart. Businesses remain cautious, but almost all offices, factories, schools, and retail outlets have reopened. A recent survey conducted by McKinsey showed that the first thing people want to spend money…

The future of Asia: Decoding the value and performance of corporate Asia

The recent pandemic has proven to be not only a public-health crisis but also a major disruption to supply chains, which may permanently change long-standing business practices. But Asia has come through crisis periods before and emerged stronger for it—and there is reason to believe it can do so again. Corporations in Asia have grown…

Foreign Policy and US-China Relations – Unknowable consequences of COVID-19

Within the space of a few months, the COVID-19 pandemic has transformed our lives and the world around us. Yet, one of the most important aspects is that we have moved into a world of far greater unknowability about the future. In the world of foreign policy, and especially in times of crisis, the best…

Powering Up Sustainable Energy

Can the power industry simultaneously decarbonize generation, propel the transition to electric vehicles, and keep the lights on? One hundred and forty years on from Edison’s concept for an electric utility that would power homes and industries, the power industry has been quietly decarbonizing. McKinsey & Company provide snapshots of the opportunities and challenges associated…

Asia Scotland Institute