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Trump’s China ‘decoupling’ and coronavirus: why 2020 upheaval won’t kill globalisation

Niccolò Pisani, International Institute for Management Development (IMD) The sudden stop of the global economy in 2020 has brought to everyone’s attention the interconnectedness of supply chains across countries and continents. Add to this the mounting tensions between the US and China, with President Trump now pushing for a decoupling from the Chinese economy as…

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How to make telehealth more permanent after COVID-19

Nicol Turner Lee and Niam Yaraghi – Brookings The coronavirus outbreak, or COVID-19, has fundamentally transformed our lives and communities, contributing to economic declines, disruptions in schooling, and distressed hospital systems. However, the pandemic has generated some silver linings, including the widespread adoption of telehealth that has helped to mitigate the risk of community spread by reducing…

Preventing future waves of COVID-19

When history books one day recount the COVID-19 pandemic of 2020, it may well be a tale of human ingenuity and adaptiveness. Although the novel coronavirus (SARS-CoV-2), the virus that causes COVID-19, has infected more than 24 million people and left more than 800,000 dead as of this writing, the early projections of mortality were much…

India is key for global access to a COVID-19 vaccine – here’s why

This article by Rory Horner, Senior Lecturer, Global Development Institute, University of Manchester, was originally published in The Conversation Pharmaceutical companies around the world are racing to develop a vaccine. Meanwhile governments scramble to get priority access to the most promising candidates. But a richest-takes-all approach in the fight against the deadliest pandemic in living memory…

How prioritizing health could help rebuild economies

Before the COVID-19 pandemic, health typically wasn’t part of economic-growth discussions: the policy debate often focused on controlling healthcare costs. Informed forecasts suggest that the pandemic and its effects will cost the global economy up to 8 percent of real GDP in 2020.1 Yet each year, poor health costs twice as much—around 15 percent of global real GDP…

Make it better, not just safer: The opportunity to reinvent travel

The desire to build memories, to connect with people, and to see new places drove 1.4 billion of us to travel internationally in 2019. Creating safer travel experiences is now paramount to protect this privilege. Now is clearly a moment of crisis for the travel industry. Available seat miles on US airlines were down 71 percent…

Economics and the Culture War

Some economists may prefer to concentrate on the current economic situation while standing apart from cultural questions, or to say that the current kerfuffle over “cancel culture” will recede when the economy improves. But this is to abdicate responsibility and to choose the easy road under cover of their discipline’s neutrality. The authority of economics…

The Tragedy of Vaccine Nationalism – Only Cooperation Can End the Pandemic

By early July, there were 160 candidate vaccines against the new coronavirus in development, with 21 in clinical trials. Although it will be months, at least, before one or more of those candidates has been proved to be safe and effective and is ready to be delivered, countries that manufacture vaccines (and wealthy ones that do not)…

The post COVID-19 world: Economic nationalism triumphant?

The new coronavirus has travelled far and fast, infecting more than 8.7 million people and killing more than 460,000. One after another, economies have gone into lockdown to slow down the spread of the disease. The combined supply and demand shocks have ravaged the world economy with the most severe downturn since the Great Depression;…