Apr 22, 2020 - Dairy shares surge as India drinks more milk to improve immunity during lockdown

From the Editor's Desk

The world after covid-19 - By invitation: Kishore Mahbubani

The West's incompetent response to the pandemic will hasten the power-shift to the east

HISTORY HAS turned a corner. The era of Western domination is ending. The resurgence of Asia in world affairs and the global economy, which was happening before the emergence of covid-19, will be cemented in a new world order after the crisis. The deference to Western societies, which was the norm in the 19th and 20th centuries, will be replaced by a growing respect and admiration for East Asian ones. The pandemic could thus mark the start of the Asian century.

The crisis highlights the contrast between the competent responses of East Asian governments (notably China, South Korea and Singapore) and the incompetent responses of Western governments (such as Italy, Spain, France, Britain and America). The far lower death rates suffered by East Asian countries is a lesson to all. They reflect not just medical capabilities, but also the quality of governance and the cultural confidence of their societies.

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