With half the global workforce facing job loss, massive stimulus packages are needed to revive emerging economies and reduce mass unemployment, poverty and starvation.
Economic lockdowns and border restrictions have caused cross-border movement to plunge. Could this be the beginning of a system that’s more resistant to global ecological disaster and pandemics?
Many items labeled “Made in China” could be made on people’s desktops instead.
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The rush to make personal protective equipment like facemasks and face shields using 3D printers shows that the technology can help circumvent global supply chain disruptions.
Flour has been in short supply in recent weeks.
Gregory Rec/Portland Press Herald via Getty Images)
Modern supply chains have become increasingly efficient, but as a result are more susceptible to disruptions like the one caused by the coronavirus pandemic.
Brazil and other developing countries are being hit hard by the pandemic.
AP Photo/Andre Penner
Rick Rowden, American University School of International Service
While countries like the US and Italy have been among the hardest hit, the pandemic is severely straining the health systems and economies of countries across the world.
Karl Schmedders, International Institute for Management Development (IMD); Jung Park, International Institute for Management Development (IMD), and Robert Earle, University of Zurich
Starting to feel a little more optimistic? Look away now.
People wearing protective face masks stand in a queue to enter a Walmart store in Wuhan, China – March, 31 2020.
Roman Pilipey/EPA