Vice President of NDB: The World Should Reinvigorate Multilateralism for the New Era
Multilateralism is so important. The opportunity, therefore in the current moment, is to reinvigorate multilateralism and to build a new platform for the new era.
Multilateralism is so important. The opportunity, therefore in the current moment, is to reinvigorate multilateralism and to build a new platform for the new era.
The U.S. should have learned from the experience in South Korea and Italy that the virus could cross borders and spread within countries, but they did not and wasted the month of February.
With huge economy cost for more than two months, China finally restarts its wheel under strict precaution, how will the Chinese Government manage to get back on track?
Dismantling global value chains under the myopic guise of punishment, fear of vulnerability, or nationalism would not only be a rejection of the positive benefits of globalization but it would deny a coronavirus-torn world both the spirit and collaborative opportunities that are so desperately needed today.
Whether a more uniting narrative of liberty versus tyranny or a more partisan narrative of public health versus the economy prevails, anti-lockdown protests look set to become an increasingly common spectacle in America.
It seems that any recovery from the pandemic slump in Europe and the U.S. will be more drawn out, with expansion below the previous trend for many years to come. If so, it will become another chapter in the long depression we experienced over the last ten years.
These are evidences showing that the scientific community in the U.S. has known about the virus almost the same time when the Chinese doctors and scientists discovered it.
China should also speed up the implementation of free trade agreements with major countries and neighboring regions.
Despite the nature of the package agreed, there is real confidence from government officials and economists that it can help China’s economy rebound in Q2 and even end the year with overall GDP growth of between three to five percent.
Whether or not we fail to cooperate on trade and security, global warming or COVID-19, the clearest lessons we ought to draw at this moment is that “we have met the enemy and he is us.” It’s not China.
The virus has affected all of us in different ways, but one way it has affected all of us is financially. All around the world, shutdowns have cost money and jobs.
It comes to no one’s surprise that China is also being publicly targeted.