Fighting the economic virus

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 As the world fights the deadly coronavius pandemic which originated and spread from Wuhan, Chin and which has globally claimed over seventy five thousand lives and counting; the impact at the economic is no less severe. While the economies of the top developed twenty nations(G20) have slowed down due to lockdown of varying degrees; the world is now left to ponder on how to deal with the economic consequences of the epidemic. China, which is responsible for the spreading the virus has been able to contain the virus through brutal methods, is trying to restart its economic juggernaut. Now, as China is on an economic restart-mode, many countries are struggling to secure their medical supplies from the same country which started it all and also ostensibly playing hard to get amid growing demand. Whether pre or post Wuhan coronavirus, almost all nations had to play along with Beijing because of their overdependence on supplies and equipment. Even the USA, European nations including India, have to explore some sort of a government-to-government arrangement with China to obtain certain urgent healthcare supplies. China’s political clout has been such that even the chief of the World Health Organisation (WHO) had praised the country instead of insisting on transparency in the initial phase of the outbreak from Beijing.Due to the indulgence of the WHO, there was no international body to exert influence on China. While Wuhan was under lockdown, the gears of the massive Chinese manufacturing industries were still moving, though in a much lesser pace while those in other parts of the world, had ground to a halt. Taking advantage of the suffering of the other nations across the globe and who are in dire need of medical equipments and medicines, China is playing hardball but unfortunately, neither is WHO or the UN able to exert pressure to be considerate, nor are they inclined to. As a result, with no international arbiter able to exert influence on either the health or supplies side on China, it was left to the governments of individual countries to literally fend for themselves. India has also decided to go for its indigenous products such as manufacture of ventilators where the auto sector has been exploring options. Many countries, including the US, are beginning to realise that overdependence on China has tied their hands in dealing with the spread of the pandemic. Worse, it has hugely constrained them in fighting the virus in their own countries. All countries should learn a bitter lesson by encouraging cheap Chinese goods and this should kick them to begin proactive steps to step up their own domestic manufacturing industries as the only option. Such a revival of global industries could teach China a lesson that it needs them more than they need it. If India seeks to shake off the Chinese chequer, it needs to be realistic with a post-lockdown economic plan. When that will be is difficult to fathom, since virologists warn of a second wave of COVID 19 in a mutated form. Thus, when India decides to exit the lockdown or how, will demonstrate how prepared India is, the efficacy of its system, and its reliability as a global alternative for the future.

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