The World in 2021 Economist World in 2021

Transcript:The World in 2021 Economist World in 2021:
The World in 2021 Economist World in 2021 Summary-Shiv-Dec 31 2020 10 things to watch for in 2021 Fights over vaccines A mixed economic recovery Patching up the new world disorder More US – China Tensions Companies on the front line After the tech – celeration A less footloose world An opportunity on climate change The year of déjà vu A wake up call for other risks World in 2021 Summary-Shiv-Dec 31 2020 The defeat of Trump marked the end of one of the most divisive and damaging presidencies in American history. World in 2021 Summary-Shiv-Dec 31 2020 The pandemic has compressed years worth of transformation into months, bringing a dramatic shake up in how people live, what they buy and where they work. World in 2021 Summary-Shiv-Dec 31 2020 US now has tariffs on 66 % of China imports, that will not go away. World in 2021 Summary-Shiv-Dec 31 2020 The risk for the Biden presidency is to be long on soothing words and short on effective action. Biden is focused on repairing yesterdays world and not building tomorrow’s world. World in 2021 Summary-Shiv-Dec 31 2020 Enough vaccines will be available in 2021 to slow down the pandemic. Polls have found that 25 % of adults globally would refuse a vaccine. If the vaccines are 90 % or more effective, then governments will persuade citizens to take the vaccine. World in 2021 Summary-Shiv-Dec 31 2020 October 2020 IMF GDP forecast World in 2021 Summary-Shiv-Dec 31 2020 Populist leaders in USA, Brazil, India, Russia have handled the pandemic ineptly. They claim to know the ‘will’ of the people and vow to defend them against the ‘elite’, however the elite includes doctors and scientists who are needed to fight the pandemic. World in 2021 Summary-Shiv-Dec 31 2020 The pandemic makes voters susceptible to populism. People are scared and populist leaders are adept at exploiting fear. People are confused, so populists offer narratives that are easy to grasp, such as China or globalization being the reasons for what’s happening. World in 2021 Summary-Shiv-Dec 31 2020 Who will run the world’s institutions such as the UN in 2021? The world’s institutions have been weakened by the great power rivalry. China is the rising super power, increasingly assertive but not keen to take leadership of these institutions. Will USA under Biden be prepared to step back into that role? World in 2021 Summary-Shiv-Dec 31