The 2019 novel coronavirus has upended the global economy and shrouded it in uncertainty. Full streets’ worth of shops have shuttered, whole industries are in hibernation, and indeed, entire countries have locked down. However, echoing the determination shown during the financial crisis of 2008 by Rahm Emanuel, former Mayor of Chicago and Former U.S. President Barack Obama’s White House Chief of Staff, we should never let a serious crisis go to waste.
The full brunt of the havoc caused by the 2019 novel coronavirus might match, or even surpass, the economic blows the world sustained in 2008. Yet, every crisis might illuminate a better path for future development - harnessing chaos to improve global financial and economic systems, or to grab at new opportunities to improve economic standing.