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Breakingviews - The Exchange: The post-pandemic global economy
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A man walks past as smoke billows from chimneys at a power station in Hefei, Anhui province November 24, 2011.
LONDON (Reuters Breakingviews) - Trade feuds will take on a different hue after the departure of Donald Trump. Slapping tariffs on countries out of the blue isn’t U.S. President-elect Joe Biden’s style. But his determination to fight climate change could emerge as a new source of commerce tensions.
Biden wants the United States to rejoin the 2015 Paris Agreement to curb global emissions and reach net-zero emissions by 2050. But his focus isn’t just domestic. The Democrat’s election pledges included a plan to apply a carbon adjustment fee against countries that fail to meet climate and environmental obligations. He also said he would push for labour provisions in any commerce deal that his administration negotiates.
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A pumpkin Jack O Lantern carved as the movie monster Frankenstein is displayed on the grounds of the historic Van Cortlandt Manor House and Museum during the Great Jack O Lantern Blaze in Croton-on Hudson, New York October 27, 2015.
LONDON (Reuters Breakingviews) - Frankenstein may have created a monster but imagine stitching together a global, post-pandemic economic version of Mary Shelley’s fictional creature. This would be a country with the strengths of its global counterparts but not their weaknesses, and perfectly positioned to thrive post-Covid-19.
Changes to how people work, live, and consume will outlast 2020’s lockdowns. That will drive demand for information and communications technology, benefiting leaders in this field. The ideal composite country will therefore rival South Korea, where ICT accounts for nearly 28% of total trade on United Nations Conference on Trade and Development data. Nor will it just export such know-how. Its citizens and compan
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