Covid-19 pandemic could shift the balance of economic power

9th July 2020 (Last Updated July 9th, 2020 07:28)

9 July

The Covid-19 pandemic has highlighted the weaknesses of various countries in responding to a disaster of such as a viral outbreak.

China has been quick in controlling the outbreak, while other countries are yet to bring it under control.

The quick spread of the pandemic and inability to bring it under control led a series of blame games and rivalries among some of the biggest nations.

As China quickly recovers, the balance of power may shift post-pandemic.

Konstantina Beleli, an economist and consultant, shared an article on how the Covid-19 pandemic is aggravating existing rivalries and blame games between nations.

The article notes that in the differences in economic and demographic growth is expected to shift the balance of power from the west to the east.

The pandemic has exposed the weaknesses in the European Union (EU), while intensifying the rivalries between the US, China and Russia.

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