CAMBRIDGE – COVID-19 has become a severe stress test for countries around the world. From supply-chain management and health-care capacity to regulatory reform and economic stimulus, the pandemic has mercilessly punished governments that did not – or could not – adapt quickly. From Latin America's lost decade in the 1980s to the more recent Greek crisis, there are plenty of painful reminders of what happens when countries cannot service their debts. A global debt crisis today would likely push millions of people into unemployment and fuel instability and violence around the world. The virus has also pulled back the curtain on one of this century's most important contests: the rivalry between the United States and China for supremacy in artificial intelligence (AI).
Aug-4-2020, 23:00:13 GMT