India, Feb. 22 -- A post-Covid-19 world of increased volatility, social and economic tensions, but also one of huge opportunity from technology, is hurtling towards us. Businesses are urgently redefining their strategies to compete in this new era where the growth of the "digital" collides with the slowdown of the "physical".

But what about governments? Surely, if businesses and supply chains are transforming, economic policymaking and governance models cannot remain unchanged.

Economic policies of the 20th century were for a world of "physical" supply chains. In the last few decades, China was the biggest beneficiary of such industrial strategies. In the 21st century, the value pools in every industry are shifting from the physical to ...