Sanjay Gupta: Can Science and God Coexist?
Faith and science may often seem at odds with one another, but renowned geneticist and former NIH director, Dr. Francis Collins, says that he sees…
Thought Leader: Sanjay Gupta
Save Globalisation to Secure the Future
By Henry M. Paulson, Jr. (original source Financial Times)
Covid-19 has resulted in more than a deadly pandemic. It has tipped the world economy into its most severe crisis since the Depression.
As the virus’s spread slows and governments rebuild, they face another force sweeping in its path: isolationism. The impending battle will pit forces of openness rooted in market principles against those of closure across four dimensions: trade, capital flows, innovation and global institutions.
Allowing an economic iron curtain to descend would imperil the recovery and jeopardise economic and social stability. Individual nations must resist efforts to slash cross-border linkages and global institutions will need to step up and transform.
The world has prospered because of integration. But even before the pandemic, the balance was tilting towards closed economies. Now recession, surging unemployment and China’s failure to handle the coronavirus outbreak transparently are emboldening these voices. We should recalibrate while retaining the best features of globalisation. The right policies lie not on an end but on the continuum between openness and closure.
Click here to read more
Relevant and recent posts
Marc Short on what to expect from DOGE in relation to next year’s legislative agenda
Marc Short comments on what to expect from DOGE in relation to next year’s legislative agenda for CNBC. Looking for a great keynote or public…
Thought Leader: Marc Short
Marc Short on whether Musk has permanently changed how congressional communication functions
In this video, Marc Short joins CNBC to discuss whether Musk and Twitter have permanently changed how congressional communication functions and what to expect for…
Thought Leader: Marc Short
More with this speaker
Hank Paulson: The Demand for AI
Thought Leader: Hank Paulson
Paulson proposes four tests for ‘pragmatic’ China policy
Thought Leader: Hank Paulson
Episode 90: Melissa Kearney
Thought Leader: Hank Paulson