Special edition: The world after coronavirus: Where's the upside?

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6 • 684 Ratings

🗓️ 11 June 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In June of 2020, the world is facing an unprecedented two-fold crisis we didn’t see coming just months ago. Global health experts are racing to eradicate the largest pandemic in more than a century, as governments and economists try to stabilize markets and get industries back to work again. In a special edition of the GZERO World podcast, in partnership with Citi Private Bank, we’re looking at how COVID-19 has exacerbated existing economic and geopolitical challenges and created some new ones along the way. But it also presents opportunities for real growth and change. From the relationship between the two largest economies—the U.S. and China—to confronting societal issues like inequality, sustainability, and global cooperation, this dark moment could bring a brighter future if political and financial leaders make the right decisions. Moderated by Meredith Sumpter, Eurasia Group’s Head of Research Strategy and Operations, this program pairs leading political scientist Ian Bremmer with Citi Private Bank’s Chief Investment Officer David Bailin for a frank and wide-ranging conversation about the future of global markets, the developing world, and life as we’ve known it.

Transcript

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0:00.0	We are experiencing a once-in-a-generation crisis, but there have been crises before.
0:09.1	Throughout the decades, the U.S. and other countries face shocks to the global system that changed life forever.
0:16.4	These shocks cause major political and societal shifts, and they also impacted economies.
0:21.6	Yesterday, December 7th, 1941, a date which will live in infamy.
0:31.6	The Middle East War produced developments all over the world today. The oil-producing countries of the Arab world decided to use their
0:39.0	oil as a political weapon. Congress wants to know what to do about AIDS. Victims of the disease
0:44.0	say the government has done nothing and has no plan to. Terrorist attacks can shake the foundations
0:49.1	of our biggest buildings, but they cannot touch the foundation of America. So how should we respond to the
0:56.0	pandemic, the largest non-war crisis of our time? There is a lot that history can teach us,
1:02.6	but we also must think carefully about how this crisis may be different. The pandemic is the
1:09.1	first global crisis of our time, to hit a world that is without global leadership. It pandemic is the first global crisis of our time to hit a world that is without
1:12.7	global leadership. It is also the first to be witnessed unfolding in real time by billions of
1:18.9	people around the globe. Our job is to make sense of these events and to assess what may
1:24.9	happen as a result of them, to leaders and to economies and to investors.
1:34.6	I'm Meredith Sumter, head of research strategy at Eurasia Group.
1:38.5	Today we will talk about the pandemic and what it means for the global economy, both now
1:43.4	and in the future.
1:45.4	I'm joined by two esteemed experts.
1:47.7	Ian Bremmer, president and founder of Eurasia Group.
1:50.1	You've heard him here before as host of this podcast.
1:52.6	Hi, Ian.
1:53.6	Hey, there are you.
	...

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