Will the covid-19 pandemic be the end of globalization?

Martina Hahn asked a question: Will the covid-19 pandemic be the end of globalization?
Asked By: Martina Hahn
Date created: Sun, Mar 14, 2021 3:12 AM

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Those who are looking for an answer to the question «Will the covid-19 pandemic be the end of globalization?» often ask the following questions:

❓😷 Will the coronavirus pandemic kill globalization?

The coronavirus, by itself, will not put an end to this most recent wave of globalization. Like the flu pandemic of 1918, it could contribute to a trend of greater fragmentation. Or, by serving as a reminder of how the health of humanity has been mutually dependent across borders for millennia, the latest outbreak could prompt a rethinking of how the world works together.

❓😷 Will covid-19 kill globalization?

Kenneth Rapoza, for instance, argues in Forbes that “The new coronavirus Covid-19 will end up being the final curtain on China’s nearly 30 year role as the world’s leading manufacturer.” The global assembly line was already shifting away from Chinese sources as a result of Trump’s tariffs, so the pandemic only reinforces this trend.

❓😷 Will covid-19 sink globalization?

Watching the news, it is easy to think that the COVID-19 pandemic will sink globalization. The number of cargo ships setting off for the United States declined by 10% in March compared to the previous year, the seventh consecutive month of declines. The cost of shipping goods by air has almost doubled, further restricting trade.

10 other answers

The COVID-19 pandemic doesn’t mean the end of globalisation; it doesn’t even mean the beginning of de-globalisation. One thing is certain though – global interdependence will continue as a defining feature of our time.

The pandemic is a trigger. The Covid-19 pandemic has changed many ... growing authoritarianism and a loss of confidence in knowledge reinforce the thesis that this is the end of globalization.

COVID-19 is the greatest peacetime disruptor of globalization in the history of the modern world and certainly represents an unprecedented threat to the international trading system.

The dominant narrative pre-pandemic was that globalization creates a rising tide that lifts all boats. You can look at the data – GDP, jobs, economic growth – and say that it’s working.

After holding steady in 2019, the world’s level of global connectedness is set to decline in 2020 owing to the COVID-19 pandemic, but it is unlikely to fall below levels seen during the 2008-09 global financial crisis. Given the scale of the pandemic that surprising resilience is something in itself.

COVID-19 as the End of Globalization: A Call for a Shift to Expansionist Fiscal Policy Economy Politics World Dec 8, 2020

COVID-19 represents the epitome of globalization in its blind disrespect for borders, but might trigger the most significant reversal of globalization we have seen in decades. COVID-19 has burst onto the scene at the end of a decade in which global integration has been constantly challenged by the rise of economic nationalism and protectionism.

Will the Coronavirus Bring the End of Globalization? Don’t Count on It The Covid-19 pandemic is closing borders and disrupting supply chains, but it can’t stop our long-term movement toward a more...

The pandemic of the disease caused by the new coronavirus, COVID-19, is exposing the fragility of this globalized system. Some economic sectors—particularly those with a high degree of redundancy and in which production is spread across multiple countries—could weather the crisis relatively well.

Measured by mortality, the COVID-19 pandemic will be modest compared to the deadly carnage of its predecessors. But its impact on globalization could be just as lethal.

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