{"id":570324,"date":"2020-03-26T04:11:50","date_gmt":"2020-03-26T04:11:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/26\/pandemics-are-an-inherent-risk-of-globalization-so-how-do-we-counter-the-threat\/"},"modified":"2020-03-26T04:11:50","modified_gmt":"2020-03-26T04:11:50","slug":"pandemics-are-an-inherent-risk-of-globalization-so-how-do-we-counter-the-threat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/26\/pandemics-are-an-inherent-risk-of-globalization-so-how-do-we-counter-the-threat\/","title":{"rendered":"Pandemics are an inherent risk of globalization \u2014 so how do we counter the threat?"},"content":{"rendered":"

A pandemic like covid-19 wasn\u2019t just anticipated \u2014 it is an inherent risk of <\/strong>globalization<\/strong>, and we need to determine how to mitigate the fallout and be better prepared in the future, argues economist Ian Goldin in this Financial Times podcast (listen, runtime: 18:30<\/a>). As our global system becomes richer and more connected in different domains \u2014 trade, finance, the internet, human movement \u2014 more vectors for transmission are invariably created, meaning that threats of any kind can more easily flow across boundaries.<\/p>\n

Does this mean globalization should be abandoned? Not at all<\/strong>, says Goldin. If countries become more insular and isolationist, it exacerbates a vicious cycle of decreasing growth, increasing inequality, widespread anger and more populism. What is needed instead is a truly global effort, where bodies like the WHO and governments work together to better prepare for future crises, like economic downturns, pandemics and climate change. The negatives of globalization, from illegal trade to election meddling to the anti-vax movement, need better management, he says.<\/p>\n","protected":false},"excerpt":{"rendered":"

A pandemic like covid-19 wasn\u2019t just anticipated \u2014 it is an inherent risk of globalization, and we need to determine how to mitigate the fallout and be better prepared in the future, argues economist Ian Goldin in this Financial Times podcast (listen, runtime: 18:30). As our global system becomes richer and more connected in different […]<\/p>\n","protected":false},"author":1,"featured_media":570325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9303],"tags":[107,104,72,10296,527,9302],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-listening","tag-covid-19","tag-economy","tag-enterpriseam","tag-globalization","tag-pandemic","tag-worth-listening","wpautop","entry"],"acf":{"mongo_id":"7ea7ef85-0e67-41b6-9cc1-c8c78da05a12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/309.jpg","photo_position":"above","related_issue":[570303],"teaser":"","voice_url":""},"yoast_head":"\nPandemics are an inherent risk of globalization \u2014 so how do we counter the threat? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/26\/pandemics-are-an-inherent-risk-of-globalization-so-how-do-we-counter-the-threat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pandemics are an inherent risk of globalization \u2014 so how do we counter the threat?\" \/>\n<meta property=\"og:description\" content=\"A pandemic like covid-19 wasn\u2019t just anticipated \u2014 it is an inherent risk of globalization, and we need to determine how to mitigate the fallout and be better prepared in the future, argues economist Ian Goldin in this Financial Times podcast (listen, runtime: 18:30). 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Globalization and the preeminence of free trade has repeatedly come in waves since the height of the Roman Empire which should give us reason to trust that global trade for the most part will remain intact, according to this Financial Times video\u2026","rel":"","context":"In "Worth watching"","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570605,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/","url_meta":{"origin":570324,"position":1},"title":"A new world order? 12 leading global thinkers envisage life after covid-19","author":"enterpriseam admin","date":"7 April 2020","format":false,"excerpt":"A new world order? 12 leading global thinkers envisage life after covid-19: The long-term economic and social impact of covid-19 will be profound and far-reaching, likely to deepen existing fissures in our globally interconnected world, says this Foreign Policy piece. The key takeaways: Globalization will come under fire, with fears\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/64.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651410,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/12\/globalization-comes-at-the-cost-of-local-production\/","url_meta":{"origin":570324,"position":2},"title":"Globalization comes at the cost of local production","author":"enterpriseam admin","date":"12 February 2017","format":false,"excerpt":"Top exporter doesn\u2019t like globalization. Globalization\u2019s failures outweigh its successes, particularly for developing countries, Mohamed Fareed Khamis writes for Youm7, saying it is just another way for the West to impose global dominance. Khamis is the founder of Oriental Weavers, one of the nation\u2019s highest-profile exporters.","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568490,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/31\/deglobalization-after-covid-19\/","url_meta":{"origin":570324,"position":3},"title":"Deglobalization after covid-19","author":"enterpriseam admin","date":"31 December 2020","format":false,"excerpt":"Could covid reverse the tide of globalization? The past year pulled the brakes on global trade flows, forcing businesses and consumers alike to think and spend more locally, and accelerating a deglobalization of the world economy. With global lockdowns limiting travel of both people and goods in a way previously\u2026","rel":"","context":"In "THE DE-GLOBAL ECONOMY"","block_context":{"text":"THE DE-GLOBAL ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-de-global-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/529.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550959,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/","url_meta":{"origin":570324,"position":4},"title":"A new bipolar world order in a deglobalizing world?","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"What\u2019s next for the global world order? Bipolarity may be in the offing \u2014 with the two poles being the US and China, suggests President of the Peterson Institute for International Economics Adam Posen in a discussion with Goldman Sachs. Posen suggests that the dual force of the covid-19 pandemic\u2026","rel":"","context":"In "WHAT\u2019S NEXT"","block_context":{"text":"WHAT\u2019S NEXT","link":"https:\/\/enterpriseam.com\/egypt\/category\/whats-next-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642895,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/globalization-in-retreat-capital-flows-decline-since-crisis\/","url_meta":{"origin":570324,"position":5},"title":"Globalization in retreat \u2014 capital flows decline since crisis","author":"enterpriseam admin","date":"24 August 2017","format":false,"excerpt":"Globalization in retreat \u2014 capital flows decline since crisis: The volume of cross-border capital flows has fallen sharply, but that may not be a bad thing, says Shawn Donnan in the Financial Times. Capital flows have dropped to USD 4.3 tn in 2016, down to a third of the USD\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/8\/1041.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=570324"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570324\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/570325"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=570324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=570324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=570324"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=570324"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=570324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}