Covid-19 will curb banks' international interest

摘要

WHILE THE FUTURE COURSE of the coronavirus pandemic remains hard to map out, speculation is rife about the global order it will leave in its wake. This does not bode well for internationalists: the current crisis has seen a shortage of international co-operation, has rekindled the animal spirits of racism and added further fuel to the fire of competition between economic superpowers. These factors build on and amplify an already existing trend: the rise of the nation-state at the expense of globalisation. The lack of international co-operation and global leadership creates a vacuum that forces national responses rather than a coordinated global one.