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What Covid-19 means for international cooperation

Just when rules-based multilateralism is in retreat, perhaps the fear and losses arising from Covid-19 will birth a better model of globalisation.

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Because critical functional roles are hyper-concentrated and the entire network is so tightly linked in the current model, shocks to a central hub such as the US or China can very quickly become systemic and paralysing.

Washington, DC

THROUGHOUT history, crisis and human progress have often gone hand in hand. While the growing Covid-19 pandemic could strengthen nationalism and isolationism and accelerate the retreat from globalisation, the outbreak also could spur a new wave of international cooperation...