Lorries are seen at an HGV parking, at Cobham services on the M25 motorway, Cobham, Britain, August 31, 2021. REUTERS/Peter Cziborra
LONDON, Oct 13 (Reuters) – The governance of the world economy needs to be overhauled to ensure it can withstand future health and economic shocks, as well as challenges posed by climate change and the rise of China, advisors to the Group of Seven rich nations said.
Supply chains, vaccine distribution, access to critical minerals, cyber threats, digital tax, crypto-assets and climate change required a step change in how the world economy is managed, the advisors said in a report published on Wednesday.
Mark Sedwill, a former head of Britain’s civil service and national security advisor who chaired the G7 Advisory Panel on Economic Resilience, said the G7 should work together more effectively to identify and manage emerging risks or coercion.
On China, the advisors said Beijing was determined to reach…