CHAPTER 10

Are You Ready for the Next Crisis?

Introduction

We are living in an era of constant disruptions and crises!

First, the COVID-19 pandemic: It upended lives and livelihoods as it turned our lives and economies upside down—and it is not over. The continued spread of the virus could give rise to even more contagious or worse, more lethal variants, prompting further disruptions—and further divergence between rich and poor countries.

Second, the war: Russia’s invasion of Ukraine, devastating for the Ukrainian economy, is sending shockwaves throughout the globe. Above all is the human tragedy—the suffering of ordinary men, women, and children in Ukraine, among them millions of displaced people. The economic consequences from the war spread ...

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