Question

"The Covid pandemic has starkly revealed that globalisation in its contemporary form has reached its limits and needs to be radically reconsidered." Discuss. refer to a minimum sources; most should be academic sources (books, journals)

Answer 1

Ans

Globalisation is the trading between different countries around the world it is also known as international trade. There is a flow of People good energy email television and radio Signal data drugs Weapon food dollar people and goods have always moved around the world, be it over the high seas or the ancient Silk Road there is a trade between countries.

But at the time period of covid-19 there is no. Trade in global market there is no purchase and supply due to specific security reasons the open system of trade that had dominated the world economy for decades had been damaged by the financial crash and the Sino-American trade war. Now it is reeling from its third body-blow in a dozen years as lockdowns have sealed borders and disrupted commerce (see Briefing). The number of passengers at Heathrow has dropped by 97% year-on-year; Mexican car exports fell by 90% in April; 21% of transpacific container-sailings in May have been cancelled. As economies reopen, activity will recover, but don’t expect a quick return to a carefree world of unfettered movement and free trade. The pandemic will politicise travel and migration and entrench a bias towards self-reliance. This inward-looking lurch will enfeeble the recovery, leave the economy vulnerable and spread geopolitical instability.

The strategy to fight covid-19 is to isolation and lockdown it incouges deglobalization a process that has both costs and limits. Blocking imports can cause inflation, reduce consumer choice, slow the pace of innovation, and lead others to retaliate with import restrictions of their own. Blocking ideas can stifle creativity and impede the correction of policy mistakes. And blocking people at the border can rob a society of talent and needed workers, while contributing to the misery of those forced to flee as a result of political or religious persecution, war, gangs, or hunger.

Deglobalization is also bound to fail in certain policy areas. Borders are not barriers to climate change. Closing them does not shield a country from the risks of disease as citizens can easily return home with the infection. Sovereignty guarantees neither security nor prosperity.

So that we can say that the pandemic covid-19 had stop the trade or globalisation in the world or international level by this situation it starts deglobalization. And decrease the economic growth of countries .