Coronavirus: who will be winners and losers in new world order?

Are state responses to the virus shifting the balance of power between China and the west?

• See all our coronavirus coverage

Andrà tutto bene, the Italians have taught us to think, but in truth, will everything be better the day after? It may seem premature, in the midst of what Emmanuel Macron has described as “a war against an invisible enemy”, to consider the political and economic consequences of a distant peace. Few attempt a definitive review of a play after the first three scenes.

Yet world leaders, diplomats and geopolitical analysts know they are living through epoch-making times and have one eye on the daily combat, the other on what this crisis will bequeath the world. Competing ideologies, power blocs, leaders and systems of social cohesion are being stress-tested in the court of world opinion.

Continue reading…