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By Laurent RAMSEY, Managing Partner, Pictet Group; Co-CEO, Pictet Asset Management
Worldwide measures to limit the spread of the coronavirus disease have caused an unprecedented drop in global trade.
That's been both understandable and necessary, given the nature of the crisis. But in the longer term, there's also a worrying possibility this pandemic will create permanent ruptures in the way countries deal and trade with each other, sending globalization into reverse. The good news is, this isn't a foregone conclusion. There have been acts of international solidarity that remind us of how important it is to work together—just think of the global research effort to discover a vaccine for the virus.
Governments, however, will...
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