Asia & the Pacific

 As the junta continues to target the population with violence, including torture and sexual assault, Myanmar's opposition movement has also begun to question the effectiveness of its largely peaceful protests, especially in the absence of international support for the pro-democracy struggle. Charli Carpenter writes that this is precisely the type of situation where the United Nations can be the most effective if it were to act early, but it is also where it is the least likely to do so.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Contrary to what US President Donald Trump would like to believe, a pandemic like COVID-19 was predicted as recently as last year. After being caught off guard by yet another catastrophe, one wonders when political leaders, markets, and average citizens will start to take risk seriously.

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

Stephen Walt writes that imagined communities will always be a powerful reality in international politics and acknowledging that is a good basis on which to construct a more realistic foreign policy.