THE TTALK QUOTES


On Global Trade & Investment
Published Three Times a Week (with occasional bonus quotes) by
The Global Business Dialogue, Inc.
Washington, DC  Tel: 202-559-9316
No.18 of 2020
WEDNESDAY, MARCH 18, 2020

Click HERE for last Wednesday's quote on the nature of a virus.
The Virus And Accountability - An Australian View

 "No one asks: what is the Indian Ocean Regional Association for co-operation doing about this? They ask: what is Canberra doing?"

Greg Sheridan
March 19, 2020
CONTEXT
Greg Sheridan is the foreign editor for The Australian . Today’s featured quote is from a column of his in tomorrow’s (March 19) edition. The lead sentence is “Coronavirus is the hunter-killer enemy of globalization.” He modifies that a little later in the piece with a reference to “globalization … as we have known it.” A little, but not much. Here is the full paragraph with today’s featured quote:

First, the centre of every citizen’s sense of accountability for this virus is their national government. No one asks: what is the Indian Ocean Regional Association for co-operation doing about this. They ask: what is Canberra doing?

Mr. Sheridan makes several arguments in a fairly short article, including these three:

First, from Wuhan to the Rome and from London to Los Angeles, the COVID-19 pandemic is a consequence of globalization.

Second, countries around the world have declared war on the virus. And wars, Mr. Sheridan writes, inevitably strengthen the hand of national governments. Strength is the key thought here. “Structurally,” he writes, “the crisis will see power flow to national capitals everywhere.” Earlier in the piece, there was this:

Redistributing wealth is the aim of every internationalist ideology and association on the planet. Building wealth, in contrast, is always a national objective, a national project.

Third, COVID-19 is giving politics in several countries a powerful shove in the same direction in which they were already headed. As he puts it:

All around the world, center-right politics was already being transformed from old-style market liberalism to a more pragmatic, democratic nationalism, à la Boris Johnson, Donald Trump (despite his many flaws), Shinzo Abe, Narendra Modi and many others.
COMMENT
It is important to note that Mr. Sheridan ends today’s/tomorrow’s op-ed with the comment that the added focus on national identities and national responsibilities does not necessarily lead to beggar-thy-neighbor policies. “Strong, confident nations can cooperate well,” is almost his final message.

***

There is not too much to do these days, but there sure is a lot to read, especially about the coronavirus. So, we’ll keep these short. And we’ll keep them coming on COVID-19 and all of those more familiar topics affected by it – tariffs, FTAs, the WTO. Trade, after all, has its own variation of the formula 4W+H: who makes what, where, when, and how?
SOURCES & LINKS
Coronavirus and Globalization is a link to the Greg Sheridan article in The Australian on March 19. This was the source of today’s featured quote.
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