As the dreaded coronavirus (COVID-19) continues to ravage the world, crippling global economy, Fareed Zakaria, a CNN host, has stated that the world will wish it intervened if Nigeria and Iraq falls to the viral pandemic.
According to the TV host, we are still in the early stages of what is going to become a series of cascading crises. Fareed added that the people may not be able to get back to anything resembling normal life, unless the major powers in the world are able to find a way to cooperate and manage these problems together.
The CNN host who admitted that some developing countries like Nigeria have recorded relatively lesser cases so far, added that there is a tendency they could fall to the disease.
Fareed stated that if this happens, the cost in refugees, disease and terrorism will lead to regrets.
He said;
We’re in the early stages of what is going to become a series of cascading crises, and we will not be able to get back to anything resembling normal life unless the major powers in the world can find some way to cooperate.
“Even as we are just beginning to confront the magnitude of the shock caused by this pandemic, we need to wrap our minds around the painful truth. We are in the early stages of what is going to be a series of cascading crises reinvigorating throughout the world and we would not be able to get back to anything resembling normal life unless the major powers in the world are able to find a way to cooperate and manage these problems together.
“The first phase has been the health care crisis in the world’s major economies. The next phase is the economic paralysis, the magnitude we are only just beginning to comprehend. Next comes the explosions in the developing world. So far, the number of infected have been low in countries like India, Indonesia, Brazil, Nigeria, probably because they are less linked in trade and travel than the advanced world. In addition, these countries have tested very few people which is key to keeping their numbers deficiently low. But unless we get lucky and it turns out that heat does temper the virus, these countries will all get hit and hard.
“And then, there are the oil states. Even if the quarrel between Saudi Arabia and Russia gets resolved, at this point, the demand for oil has collapsed and will not soon recover. Consider what that means for countries like Libya, Nigeria, Iran, Iraq and Venezuela, where oil revenue makes up the vast majority of government revenue.
“The vast majority be …the economy…. expect political turmoil, refugees, revolutions, crackdowns, maybe terrorism. All of these might happen on a scale we haven’t seen for decades.
“If countries like Iraq and Nigeria explode, the cost in refugees, disease and terrorism would all make us wish we had tried harder to manage their fall.”
Here is the video below;
