Globalisation has just taken a hit. We have seen premonitions before, 2001, 2008 but this one is special. It has exposed vulnerabilities that exist not because of how we think or how we trade, but because of how we are.
Fundamentally, this is a harder problem to address. We can tighten global security measures or increase banking regulation and oversight but controlling the spread of contagions where people are the preferred host hits at the very heart of a globally interwoven economy. Travel.
Nations, or regions are faced with a challenging trade-off between high-value economy vs a high resilience economy. You can earn lots of revenue from high-value economic products such as electronics and cars, but you cannot feed your people.
Resilience will come at a price. The tables of economic value are turning.
