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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...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
John Wiley and Sons Inc.
2021
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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. |
format | Online Article Text |
id | pubmed-8014890 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | John Wiley and Sons Inc. |
record_format | MEDLINE/PubMed |
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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