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The following article was contributed via the Embassy of Thailand in Korea. ― ED.
By Don Pramudwinai
The year 2020 was truly a disruptive time in world history. The fast-spreading COVID-19 pandemic managed to halt even the wave of globalization and compelled governments to go into lockdown. Businesses were forced to close, in some cases leading to furloughs or unemployment, further widening existing social inequalities. Everyone came to the realization that business would never be the same again, and began to accept the concept of a new normal.
Don PramudwinaiThe pandemic is a harsh reminder that our life is full of uncertainties and unknown parameters. In worst-case scenarios, we don t even know what we don t know, leaving us completely off guard once it happens. The damage from these unknown unknowns or black swans, as they are called by some theorists, is increasingly troublesome since the world is getting smaller and more intertwined. In these conditions, for a medium-
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