But on top of the tragic human toll, the coronavirus also threatens incalculable social, economic and political costs, and to trigger a wave of change that will shape our world for years to come.The shutdown imposed to slow the spread of the virus could push some economies into full-scale meltdown. Financial markets may never recover to pre-crisis levels.
“Are we witnessing an event that is going to reshape international relations and relations among states?” “Is this leadership or absence of leadership going to provide opportunities or vulnerabilities to various countries around the world?” asked Miller.The world’s wealthiest powers enjoy a cushion that will allow them to keep the economy ticking over during the crisis, to compensate workers laid off, and to resume economic activity quickly afterwards.
Countries like Russia and Turkey, led by the same strongmen for two decades, will be hoping that their measures will be enough to spare them the worst of the virus and any political consequences.
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What a world!
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