Bonus Episode: “A Medically Induced Economic Coma”

Is the coronavirus a zero-sum game in which we must choose between saving lives and saving the economy? In this episode, we sit down with two experts to find out.

Play Button Pause Button
0:00 0:00
x
Host
  • Gabrielle Sierra
    Podcast Host and Producer
Episode Guests
  • Thomas J. Bollyky
    Senior Fellow for Global Health, Economics, and Development and Director of the Global Health Program
  • Sebastian Mallaby
    Paul A. Volcker Senior Fellow for International Economics

Show Notes

The Coronavirus pandemic changed our lives in a heartbeat. It has made us fear for our health, our loved ones, and our livelihoods. As the death toll rises, the return to normalcy seems to recede further and further away. Businesses have been asked to close for the foreseeable future, and millions are out of work. In this episode, we ask two experts to explain how fighting the virus can intersect with trying to save the U.S. economy.

 

From CFR 

 

Coronavirus: How Are Countries Responding to the Economic Crisis?” Jonathan Masters

 

After the Pandemic: Can the United States Finally Retool for the Twenty-First Century?”  Edward Alden

 

Read More

 

The U.S. Shut Down Its Economy. Here’s What Needs to Happen in Order to Restart.New York Times 

 

Top economists are deriding the ‘false choice’ between saving lives from coronavirus and maximizing economic growth. Here’s why the situation isn’t so cut-and-dry.Business Insider 

 

Congress Is Knitting a Coronavirus Safety Net. It Already Has Big Holes.New York Times 

 

Watch or Listen

 

The Coronavirus Explained & What You Should DoKurzgesagt

 

Covid-19: how bad will it be for the economy?Economist

International Organizations

The 2022 FIFA World Cup has kicked off in Qatar, and billions of fans worldwide are tuning in to the world’s most popular live event. And yet as in years past, the Qatar Cup is transpiring under the shadow of controversy.

Arms Industries and Trade

The global arms trade is big business and the United States accounts for more than 40 percent of the world’s weapons exports. Aside from the profit motivation, selling arms abroad can be an effective foreign policy tool, allowing the United States to exert influence over conflict and security worldwide without having to put boots on the ground. But are the risks worth the reward?

Top Stories on CFR

United States

Spurred on by worsening economic and political crises across Latin America, migration to the United States reached record levels in 2022. Here’s a look at the year’s major immigration stories.

Russia

The Balkans have long been a source of tension between Russia and the West, with Moscow cultivating allies there as the EU and NATO expand into the region. The war in Ukraine might be shifting the calculus.

China