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Pacific Currents

Pacific Currents is a discussion forum on Asia-Pacific economic issues. We welcome submissions from all stakeholders including academics, researchers, thought-leaders, civil society, business leaders; and other policy experts. Submissions should cover issues related to economic policy and integration in the region. Articles should be written for a general audience and not technical but should have a foundation in objective policy analysis. Articles should also conform with PECC nomenclature - if you are not familiar, the editor will provide you with appropriate guidelines. Acceptance of articles is entirely at the discretion of the Editor. Articles should be in an op-ed format of around 1000 words but longer submissions are also occasionally accepted. Submissions are done in the name of the author and represent their individual opinions and not those of the institutions that they work for. To submit an article, please send in Word format to: info@pecc.org

G20 comes to the fore again

Jorge Heine
Research Professor, Pardee School of Global Studies, Boston University
Non-resident senior research fellow at the Center for China and Globalization in Beijing

The current COVID-19 is the worst global pandemic to hit the world in a century, only surpassed by the 1918 influenza virus that killed 50 million people. As of this writing, the virus has been found in 175 economies and regions, with 471,000 cases and 21,000 deaths worldwide. The World Health Organization (WHO) reports that the epidemic is still accelerating. And it will not abate any time soon. While some specialists speak of a time horizon of three to four months, others predict waves of cases that may last for two years.

Vaccines may take anywhere from a year to 18 months to develop and be ready to go to market. Even relatively remote and isolated places like Puerto Williams in Chile, the world's southern most human settlement, and Nantucket Island, off the coast of Massachusetts, have reported cases of coronavirus. You can run, but you can't hide.

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