After great disruption often comes great reform. Multilateralism was pursued after World War II to safeguard international security, while the Global Financial Crisis gave rise to regulations designed to improve the stability of the banking system.
The COVID pandemic has similarly exposed the need for great- er resilience in national health systems and global supply chains. Real estate investors, having historically paused to consider portfolio implications from economic downturns, are now making such reconsiderations in response to the pandemic.
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