Coronavirus, or Covid-19, has already up-ended global financial markets. The havoc it’s wreaking on global politics is only just beginning … and politics doesn’t bounce back as easily or as quickly as markets do.

As the past few weeks have made clear, the world in 2020 is nowhere near ready to launch a co-ordinated, comprehensive response in the coronavirus battle. In an era of “my nation first” politics, it is also an era of “my nation first” responses to the greatest global health crisis the world has seen in recent memory...

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