COVID-19 has slowed down the World’s Factory and everyone is affected.

Edward Buckingham, Professor of Management and Director, Engagement at Monash Business School explains why the spread of COVID-19 will impact on all economies.

Medical staff check incoming passengers coming from Italy to detect any possible symptoms of Covid-19 also known as Coronavirus at Albanias main port city of Du Source: Gent Shkullaku | AFP | Getty Images.

The nature of our response to the spread of COVID-19 is changing.  Prof Edward Buckingham believes that China’s lack of transparency in dealing with the problem has fuelled tension and fear.  He also believes that shakiness in the financial markets is a sure sign that the crisis will not finish soon.   According to Prof Buckingham we can no longer rely on China as the world’s factory.

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