Globalization
Coronavirus impact on Globalization
Slowing Down Of Trade
Trade as a percentage of global GDP increased from 39% in 1991 to 61% in 2008 but has stagnated over the past decade
Countries Policies Reflecting The Reverse Globalization
Slowing Movement Of People
Though the number of tourists increased in the last decade.
Trade Wars And Halting Of WTO Talks: Retreat of Globalisation
Due To These Factors, International Media Is Referring To The Process Of Globalisation By The Term ‘SLOWBALISATION’
• The ongoing phase of globalization has not fully recovered and the recent coronavirus has pushed forward the trends of reverse globalization
Globalization Is Responsible For The Spread Of Coronavirus
• The virus started in Wuhan, China
• China, being a hub of many industries. People from all over the world are traveling in and out of China
• Italy itself a tourist and business hub, the man in Delhi who tested positive for coronavirus had traveled to Italy
• Other countries get the virus because of the movement of people and goods
Corona Virus Has Halted The Movement Of People, Goods, Service, And Capital
Due To Supply Chain Break Down In China because of Coronavirus Countries Providing Incentives To Shift Production To Their Native Country
Amid COVID-19 World Trade Has Halted, Investors Are Pulling Out Money From The Market
Other Side Of The Coin!!
Trade During Coronavirus
• Countries are converging virtually to share best practice to fight pandemic
• International meeting such as G-20, SAARC summit organized virtually
Current Affairs 2020: Coronavirus impact on Globalisation
Source
Coronavirus impact on Globalization
- Globalization envisages a borderless world or seeks the world as a global village
- It is attributed by the accelerated flow of goods, people, capital, information, and energy across borders, often enabled by technological developments
- Globalization Trends
- Starting from the 1990's globalization dominated the world’s economic order.
- Anti Globalisation Wave
- Globalization had already begun to stagnate since the 2008-09 Global Financial Crisis.
Slowing Down Of Trade
Trade as a percentage of global GDP increased from 39% in 1991 to 61% in 2008 but has stagnated over the past decade
Countries Policies Reflecting The Reverse Globalization
Slowing Movement Of People
Though the number of tourists increased in the last decade.
Trade Wars And Halting Of WTO Talks: Retreat of Globalisation
Due To These Factors, International Media Is Referring To The Process Of Globalisation By The Term ‘SLOWBALISATION’
• The ongoing phase of globalization has not fully recovered and the recent coronavirus has pushed forward the trends of reverse globalization
Globalization Is Responsible For The Spread Of Coronavirus
• The virus started in Wuhan, China
• China, being a hub of many industries. People from all over the world are traveling in and out of China
• Italy itself a tourist and business hub, the man in Delhi who tested positive for coronavirus had traveled to Italy
• Other countries get the virus because of the movement of people and goods
Corona Virus Has Halted The Movement Of People, Goods, Service, And Capital
Due To Supply Chain Break Down In China because of Coronavirus Countries Providing Incentives To Shift Production To Their Native Country
Amid COVID-19 World Trade Has Halted, Investors Are Pulling Out Money From The Market
Other Side Of The Coin!!
Trade During Coronavirus
Movement Of Ideas
• Countries are converging virtually to share best practice to fight pandemic
• International meeting such as G-20, SAARC summit organized virtually
Current Affairs 2020: Coronavirus impact on Globalisation
Source
Posts
2 Comments
The risk of corona viruses are growing in the entire country
ReplyDeleteIf we not control our peoples to goning markets and parks etc without any reasion,then the next 2 months were be very dangres for type os business trading etc.
ReplyDelete