With COVID-19 inflicting massive economic costs around the world, the two billion people working in informal sectors will be the hardest hit. But if these workers are brought into the fold of the global economy, they can tap into huge stores of wealth that already lie at their fingertips.
Compared to governance disasters like the United States under President Donald Trump, contemporary Germany looks like a bastion of stability. But recent books by leading German commentators raise the possibility that Europe's largest economy is not ready for prime time as a global actor.
Not long ago, America was the unchallenged global hegemon. But as inept leadership fuels an alarming surge in COVID-19 cases amid deepening economic distress and nationwide protests against systemic racism and police violence, many are wondering whether the US can govern itself, much less lead the world.