Running head: IMPACT OF CORONA VIRUS ON GLOBALIZATION 1

IMPACT OF CORONA VIRUS ON GLOBALIZATION

NAME

INSTITUTION
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Impact of Coronavirus on globalization

In my view, globalization is the speeding movement of human beings and the exchange of

goods, cultural practices, and technology worldwide, promoting interactions of people and

regions in the world—globalization began approximately 60,000 years ago. Different

communities participated in trade using specific commercial routes, overtime trade, and

exchange among human society has grown. Community migrations contributed to population

exchanges. The phenomenon has evolved throughout history, in exploration expeditions and

military conquests. Advancement in technology, communication, and transport, has speeded up

globalization. Globalization is the speeding movement of people and goods worldwide, causing

social, economic, and cultural integration. It has brought the countries and regions of the world

closer, making it a small village.

Globalization impacts every aspect of human life; financially, it has led to the rising of the

world's financial system, the international monetary exchanges like the stock markets (Beck,

2018). Culturally, different cultures have been interpreted, leading to nations and people

adopting beliefs, cultures, and costumes of various countries in the world. Politically, the

influence of international organizations like the UN has dramatically increased, NGOs are

currently operating on global levels. Sociologically, people are frequently on the move hence

integrating societies, and information moves very fast worldwide. Technologically, through the

digital world, thousands of people are interconnected via Facebook, Instagram, youtube, and

other platforms. Geographically, transportation has been made affordable and accessible hence

it's possible to always travel to wherever you want without significant restrictions.
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The author's main arguments are; globalization is fragile; it has allowed the Coronavirus to

spread rapidly. The interdependence of nations and firms has made them vulnerable to

unexpected shocks, like break down of the supply chain. Global demand for medical supplies has

increased, making the producers overwhelmed and countries out of stock or running low (Farell

& New man, 2020). Economic sectors may collapse; most companies like laptop production

depend on just in time supply chains, which have been interrupted by the pandemic, making the

show go low. Solidarity among governments and unions has declined; many European countries

banned the export of medical respirators and masks; it has weakened the European Union, which

should have an unrestricted free trade.

Trump's administration has pulled back global integration due to the pandemic, but China

is showcasing its willingness and ability to lead through this crisis. When Italy had a critical

shortage of medical equipment, it called on the EU countries with no response; when China came

to her aid, china offered to sell masks, swabs, and protective gear. Global politics of

globalization have been affected; a country producing a particular product can block export,

causing shortage during a crisis, when the citizens of that country's safety and health are at stake.

They do not care about hurting their allies and neighbors. Generosity will be a potent influence

weapon for countries like China, which can afford it. I agree with the author's arguments.

Incase globalization ends, the developing countries will be significantly impacted in all

the sectors of their economy. The health sector will go down, most of their modern equipment is

imported, and without globalization, they cannot import them. Organizations like the UN provide

food and health services to those countries, without which the people will suffer. People move

from those countries searching for better lives in western countries. Those movements will be

banned.
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References

Beck, U. (2018). What is globalization?. John Wiley & Sons.

Agnew, J. (2017). Globalization and sovereignty: Beyond the territorial trap. Rowman & Littlefield.

Farell, H. & New man, A. (2020). Will Corona end globalization as we know it.