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EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19

The COVID‐19 virus has caused a crisis for the world's economy and markets. The World Health Organization has declared the virus to be a global pandemic, meaning that it will have a sustained impact worldwide. In response to the shutdown of economies, governments across the world have implement...

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Autores principales: Mayor, Vicente Lopez‐Ibor, Khalid, Fazlun, Ahmed, Nafeez Mosaddeq
Formato: Online Artículo Texto
Lenguaje:English
Publicado: John Wiley and Sons Inc. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8014890/
https://www.ncbi.nlm.nih.gov/pubmed/33821172
http://dx.doi.org/10.1111/1758-5899.12918
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author Mayor, Vicente Lopez‐Ibor
Khalid, Fazlun
Ahmed, Nafeez Mosaddeq
author_facet Mayor, Vicente Lopez‐Ibor
Khalid, Fazlun
Ahmed, Nafeez Mosaddeq
author_sort Mayor, Vicente Lopez‐Ibor
collection PubMed
description The COVID‐19 virus has caused a crisis for the world's economy and markets. The World Health Organization has declared the virus to be a global pandemic, meaning that it will have a sustained impact worldwide. In response to the shutdown of economies, governments across the world have implemented fiscal and monetary stimulus packages to counteract the disruption caused by the coronavirus. However, with many countries’ economies already slowing before the pandemic, the measures to combat the virus risk sending many countries into full scale recession for the first time since 2009, according to the European Commission. COVID‐19 has demonstrated the vulnerability of global supply chains and the need for more resilient infrastructures. Yet Europe cannot do this alone. The EU can only achieve this by strengthening ties and increasing trade cooperation with Asia and South America, in alignment with the values of sustainability. Prior to the COVID‐19 crisis, however, the EU has had major public disagreements around trade with both regions, essentially on environmental issues. By prioritising cooperation, the EU can work with developing countries in Asia and South America to take tangible steps towards environmentally sustainable production while boosting economic trade.
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spelling pubmed-80148902021-04-01 EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19 Mayor, Vicente Lopez‐Ibor Khalid, Fazlun Ahmed, Nafeez Mosaddeq Glob Policy Policy Insights The COVID‐19 virus has caused a crisis for the world's economy and markets. The World Health Organization has declared the virus to be a global pandemic, meaning that it will have a sustained impact worldwide. In response to the shutdown of economies, governments across the world have implemented fiscal and monetary stimulus packages to counteract the disruption caused by the coronavirus. However, with many countries’ economies already slowing before the pandemic, the measures to combat the virus risk sending many countries into full scale recession for the first time since 2009, according to the European Commission. COVID‐19 has demonstrated the vulnerability of global supply chains and the need for more resilient infrastructures. Yet Europe cannot do this alone. The EU can only achieve this by strengthening ties and increasing trade cooperation with Asia and South America, in alignment with the values of sustainability. Prior to the COVID‐19 crisis, however, the EU has had major public disagreements around trade with both regions, essentially on environmental issues. By prioritising cooperation, the EU can work with developing countries in Asia and South America to take tangible steps towards environmentally sustainable production while boosting economic trade. John Wiley and Sons Inc. 2021-02-27 2021-05 /pmc/articles/PMC8014890/ /pubmed/33821172 http://dx.doi.org/10.1111/1758-5899.12918 Text en © 2021 The Authors Global Policy published by Durham University and John Wiley & Sons Ltd. https://creativecommons.org/licenses/by/4.0/This is an open access article under the terms of the http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
spellingShingle Policy Insights
Mayor, Vicente Lopez‐Ibor
Khalid, Fazlun
Ahmed, Nafeez Mosaddeq
EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title_full EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title_fullStr EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title_full_unstemmed EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title_short EU–Asian–American Partnership for a Third Industrial Revolution: Transitioning to High Productivity, Sustainable Infrastructures in the Age of COVID‐19
title_sort eu–asian–american partnership for a third industrial revolution: transitioning to high productivity, sustainable infrastructures in the age of covid‐19
topic Policy Insights
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8014890/
https://www.ncbi.nlm.nih.gov/pubmed/33821172
http://dx.doi.org/10.1111/1758-5899.12918
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