Quad economy & technology task force : a time for concerted action

In the past two decades, global health crises have dominated the global discourse. From Ebola to SARS and MERS, and now the COVID-19 pandemic, health emergencies are increasing. Crisis-related issues have overshadowed perennial concerns such as the market power of pharmaceutical companies, and the high cost of drugs. During the present pandemic, a truly collaborative response is necessary and the reaction to Covid-19 has shown the way.

The main focus of this report is on technology cooperation that will assist the four nations in collectively competing with China’s growing global digital footprint and influence. The Task Force report also identifies barriers to Quad cooperation, such as diversity of standards and regulations across the member nations regarding economic and technological development. To help overcome these hurdles, the private sectors must play an integral role in the Quad dialogue. The role of the private sector is also critical in identifying areas that would benefit most from joint research and development programs designed to foster innovation and entrepreneurship and build upon each Quad nation’s scientific, technological and academic strengths. The imperative for enhanced Quad cooperation on the five key areas of concern has never been more urgent. The Task Force findings can help guide policy discussions, while the recommendations can serve as a roadmap for actions the Quad can take both now and in the longer term.