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COVID-19, Debt, and Strategic Competition

By |2020-04-20T08:34:29-10:00April 17th, 2020|

In this paper, Dr. Oehlers states that “The current pandemic-induced economic crisis presents a unique opportunity for the United States and like-minded partners to reverse the gains China has made through its debt-led approach to acquire economic and political leverage. By addressing the debt challenges increasingly faced by some developing countries, the financial leverage China holds over any of these can be weakened significantly. Additionally, a multilateral response to the debt challenge grounded on current international rules-based norms, principles, and institutions, will counter Chinese intentions to create a parallel rival system centered on the Belt-Road Initiative. This approach will consequently [...]

Sending the COVID-19 Immune to Work to Prevent Economic Catastrophe

By |2020-04-22T15:34:50-10:00April 16th, 2020|

Widespread introduction of commercial and societal lockdown practices is helping to flatten the curve of new coronavirus cases, while simultaneously inflicting great harm on our economy and individual finances. The global pandemic continues to spread worldwide, yet business leaders are already exerting pressure on political leaders to adapt protection measures to better protect commercial interests. Crises differ significantly in their duration, but our experience tells us they are always temporary, exceptional, and unusual. Our leaders must be prepared to effectively manage the difficult task of transitioning their communities and their nations out of the crisis and into recovery with the [...]