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Economist Podcasts

Editor’s Picks: May 18th 2020

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 17 May 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

A selection of three essential articles read aloud from the latest issue of The Economist. This week, has covid-19 killed globalisation? Why the European Union is having a bad crisis (10:55) and how Mike Pompeo is confusing leadership with bashing his opponents (19:20). Zanny Minton Beddoes hosts.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

It's Monday, the 18th of May, 2020. I'm Zani Minton-Bedos, the economist's editor-in-chief.

0:11.7

Welcome to Editors' Picks, where you can hear three highlights from the paper read aloud.

0:17.6

We have two cover stories this week. In most of our editions, we lead with a lament for globalization.

0:24.0

It was in trouble even before the pandemic. The open system of trade that has dominated

0:29.0

the world economy for decades had been damaged by the financial crash and the Sino-American

0:34.0

trade war. Now it's reeling from its third body blow. World goods trade may shrink by

0:39.6

between 10 and 30% this year. A fractured world will make solving global problems harder,

0:46.0

including finding a vaccine and securing an economic recovery.

0:51.2

In Europe, our cover focuses on the crisis facing the European Union on three fronts, not

0:57.0

just economic, but political and constitutional too. The persistent failure to reform the EU

1:03.0

and its currency is leading to workarounds that provoke challenges to its core institutions.

1:08.0

The EU's members can't agree on what they want nor on how to bring about that change.

1:14.0

Now of all times, when America and China are at loggerheads, that's a tragic missed opportunity.

1:20.0

And writing from Washington, D.C., our Lexington columnist looks at Mike Pompeo.

1:27.0

The Secretary of State, he argues, is confusing global leadership with bashing his opponents.

1:33.0

The stories you're about to hear are just a sample of what's on offer in this week's edition of the paper.

1:38.0

With a subscription, you can read or listen to all of what we do.

1:41.0

To get your first 12 issues for $12 or 12 pounds, go to economist.com slash radio offer.

1:49.0

First up, has Covid-19 killed globalization?

1:54.0

As the flow of people trade and capital slows, the underlying anarchy of global governance is being exposed.

2:01.0

Even before the pandemic, globalization was in trouble.

2:06.0

The open system of trade that had dominated the world economy for decades had been damaged by the financial crash and the Sino-American trade war.

...

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