Dear Researchers,
Post World War II various international bodies like IMF, World Bank ADB etc emerged to create international economic cooperation & peace, which promoted adoption of "Globalization of Economy & Trade"
But Over pass decade with the kindly of global economic movement, trade deliberations the world seems to be polarizing.
I invite research to share their thought and option on the matter with causes & after effect on national economy, developing nations, banking and financial system etc
Globalization has impacted nearly every aspect of modern life. it is important to know that globalization is a mechanism and not a destination. The mechanism is not currently working in the interests of the many because most markets and multinationals, including developed ones, are still working as if they are locked inside a world in which only they and their shareholders exist or matter. For globalization to really work we need to completely disrupt these old business models and replace them with sustainable New Economy models. Copied but modified
I guess, this is called regionalization, countries make agreement between their close geographies, for instance: EU, NAFTA. also clash of civilizations is kind of supporting your idea
Globalization has improved the conditions of life of the world population, but is now under stress emerging from political factors, within and between nations.This has created tensions but the ‘mechanism’ of globalization remains a valid proposition for promoting world prosperity. How to fix it Is our major leadership challenge now.
Winston Dookeran Segun Michael Abegunde
Thank you for your insight.
Is there a regionalism angle to this as Tolga Korkusuz has shared and how significant it is.
This is the Marxist dialectic at work. Two opposing ideas hopefully leading to a synthesis of both that is both global and sustainable.
The geography of inequality within nations , and what countries are being left behind ? - empirical assessments to these questions may shed light on whether globalzation has taken a wrong turn and how to fix it, a la Dani Rodrik's recent lecture at Munk School. Rodrik, talks about a narrower globalization, i am not sure- rather, I believe that globalization could be 'structurally adjusted ' to respond to the empirical assessments above.
At the moment, some nations are moving towards polarization or isolationism. But, there are still strong forces pushing towards global free trade. It will take time to see the actual results considering presidential or political offices are for only 5 years. I may take a little more than just a few years to change a global trend. Is the world of today and its comforts even possible without globalization?
Are we moving from Globalization to Polarization of WORLD ECONOMY
Yes I think so - many of such events are just history repeating itself, not only in economy i.e. globalization -> polarization -> globalization -> polarization etc., but war & peace as well i.e. peace --> war --> peace -> war etc. Just like an employee working long enough in a company, s/he can see same processes or policies just cyclically repeating itself.
Ajay H Shukla Hi, Thanks for sharing this subject.
Of course, Globalization is an important phenomena in al of the world.
Each country is a part of chain.
Globalization doesn't negate countries' national economical, political, and security interests. Once it leads to any type of contradictions, it may lead to polarization. Globalization is not necessarily around the globe, but certainly around the countries that are sensitive to their balanced comprehensive mutual interests.
From globalization social,political economical to polarization is not at all possible though some nations are trying for it, but in future it is not 100 % possible
Мне кажется, что в настоящее время идет борьба двух тенденций: глобализации и развития национального самосознания, экономики, государственности и права. Однозначно определить какая из этих тенденций одержит победу пока не ясно.
The capitalist system established its long-term strategies on this basis
It is very true, with globalization we are near to each other. But in terms of economy we are not with a cooperative hand with each other. Every country is with an attempt to capture resources of the other. This approach has decided the globe into different segments. Developed countries are required to help the developing countries in terms of education, health and technology. But they want to develop a market for their products and captured their resources. All developed countries are taking loan after loan. It seems that the whole developing world will drown under these loan but will never emerge as a sovereign country. Developing world is a battle ground of developed world.
Are we moving from Globalization to Polarization of WORLD ECONOMY
== No we are moving from over-globalization and poorly executed globalization back to a community of parties with individual differences. In other contexts this is called diversity.
Post World War II various international bodies like IMF, World Bank ADB etc emerged to create international economic cooperation & peace, which promoted adoption of "Globalization of Economy & Trade" == Result was massive wealth transfers from big and powerful to (formerly) much smaller. Smaller parties liked it. In the process not just economies but societies and government started to globalize, led by Europe who some reason thought this necessary.
People have moved from loyalty to king to loyal to nation, but affiliation to the world at large is weaker, especially when carrying a large body of troubled participants.
Ample evidence shows the collective benefits in a system where the parties are free to express their own ways, while negotiating, cooperating, and softening the rawer edges of that model. This works at all scales.
Republics broke free of control of empires with which they little identified. Thereafter the world flourished and technology spread rapidly.
But Over pass decade with the kindly of global economic movement, trade deliberations the world seems to be polarizing. == "Polarizing" is a term with negative connotations and that suggests two sides, particularly in, mostly, opposition.
Instead of polar I would say multilateral. Should each country have just one ambassador? Relationships are specialized and one-to-one.
That depends on how we can handle the global development achieved so far.
On the face of it, the current state of affairs is unfortunately moving towards the polarization of international economy. Notably, polarization deprives global economy and free trade from the natural flow of transactions across the world., Although the American over -domineering stance has created havoc in the process, the globalized economy tends to find its own ways of equilibrium so that long term polarization will soon be replaced by normal alternatives. World economy welcomes healthy benefits of globalized economy whereby peace and cooperation will eliminate aggressive competition defined by dark political schemes and intentions.
If by term polarization we consider multi polarization then yes we are moving towards a multipolar economy.We should all bear in mind that the conditions have changed in the international arena. The cold war and bipolarity is long gone so is the unipolarity after the collapse of the SSSR. In present we have economies of China,India,Brasil which have shown remarkable growth and also other developing countries and they all present a counter balance to the traditional pre existing blocs.
I think, globalization/polarization dilemma is too narrow for existing politico-economical spectrum of realities. There are no less important issues that are being hidden, little discussed, and practically more important for small and big nations wellbeing. Especially at a regional, national, and each particular country levels. Corruption, crime, bureaucracy, lack of civil rights, religious and racial intolerance, mass media and social networks manipulations, demagogy, and biased information delivery, risky financial systems and schemes - it's all poison people life at every location. Those things are important and should be paid a proper attention to.
Yes, it is very much true, we are moving from Globalization to Polarization of WORLD ECONOMY. As a result we are marginalizing/ have marginalized some poor countries.
The global trading order as we know it is in danger (WTO system) because the US administration under Trump wants to destroy it.
Trading wars are held again by the US...
Regional integration is one answer:
The EU has new regional agreements with Japan, Vietnam, Singapore.
The CPTPP has been signed and is in force in seven countries and the RCEP is under negotiation by 15 countries ASEAN + 5 (without India)...
The Corona-virus is disupting current trade flows. The world economy slows down...
So: yes globalization as such is under review currently and regional integration tries to help...
All the answers fade in light of this pandemic that is stopping everything.
The Covid-19 pandemic is halting much of global production and global trade.
It ramains to be seen what side effects will occur.
In this global health crisis Germany has even decided to produce masks in Germany again.
The US is switching to crisis/war mode as well.
This is the biggest economic and social crises since WW II said Chancellor Merkel of Germany...
Germany's Robert-Koch-Institute (RKI) has now developed a new online-case tool for Germany like the one of Johns Hopkins University that looks nice and adequate, see https://experience.arcgis.com/experience/478220a4c454480e823b17327b2bf1d4
Russia has said it is not counting Covid-19 deaths. Only pneumonea deaths... And there is a strong rise in pneumonea deaths currently... That is a cover-up! https://www.zeit.de/politik/2020-03/russland-coronavirus-infektionen-zahlen-pandemie?utm_source=pocket-newtab
In Germany there is no cover-up of Covid-19 data but a data transmission problem from cities, and federal states to the federal agency, see https://www.spiegel.de/wissenschaft/coronavirus-wie-belastbar-sind-die-rki-daten-a-13bd06d7-22a1-4b3d-af23-ff43e5e8abd6
…
A pandemic spread of a virus was forcasted for about 20 years (remember Dustin Hoffman in Outbreak, a novel by Robin Cook MD)... Ebola, Marburg, SARS, MERS, all were not in full pandemic spread. SARS-CoV-2 now is... Not unexpected... And in theory the medicine is prepared... However many death persons... Look at China, Italy, Spain... One answer? Global travel, Global trade and globalization as such helped to spread... And hunting and eating wild animals such as bats and pangolins...
Can Covid-19 be compared to the Spanish flu? I say no, because in 1918 we had no Antibiotics, No-Anti-Viral-Drugs, Much less knowledge and less technology such as respirators/ventilators... But then, some try to compare it, like this report, see https://www.zeit.de/wissen/gesundheit/2020-03/sars-cov-2-pandemic-history-spanish-flu-english/komplettansicht
The Diplomat has a clear view on China's political attempt to clear its name from China Virus or Wuhan virus, see https://thediplomat.com/2020/03/can-chinas-covid-19-statistics-be-trusted/ The problem is that a liar is again acting openly. Do you trust a liar? Sadly that question must also be posed for the US knowadays... That situatiom must be changed in the near future...
I think, "globalization" as a political movement is virtually compromised by the current pandemic events, whereas globalization as a multitude of mutually agreed in the essence non-global balances of economic and political interests has quite some real future.
This makes me sick! In the UK it has been reported until now only 163,000 persons have been tested on Covid-19. About 33,000 positive... In Germany we have about 350,000 persons tested PER WEEK (still not enough). About 80,000 positive... So all metrics and numbers (JHU) we are reading must be set in relation to sample size... In the UK: 3,000 reported death yet. In Germany less than 1,000... This is no competition, mind, but it is about flattening the curve and about lifes lost! And about management and mismangement, about populistic rulers...
Technical Report EUROPOL on COVID-19: Urgent warning about the rise of fake ‘...
Allegedly the US government is stealing face masks from partners in Asia, e.g. masks destined and bought by France, Germany, Canada... https://www.welt.de/politik/ausland/article206992269/Coronavirus-Pandemie-USA-fangen-von-Berlin-bestellte-Schutzmasken-aus-China-ab.html An example of reckless Trumpism...
Technical Report INTERPOL on COVID-19: Urgent warning about COVID-19 fraud sc...
The War on Masks and supply - a case of State Piracy by the USA he US approach under Trump that is accused as stealing is like that: Identifying shipments in Asia to countries like Germany, Canada, France and others, going on the airfield with cash and "buying" the goods which are under a contract already by bribery and threats... I suspect secret services involved (why does the US know the shipments???)! And this is state piracy!
Today more than 700 death in the UK from Covid-19 on a single day. And 4,300 alltogether in the UK (but only in hospitals). Since the elders in the homes of the eldery are not counted and published yet, the number is likely much higher...
The Airbus airlift has done it again!
After the experiences of stolen masks for the EU by the US and unknown criminals (Germany got also 6.2 Mio. masks stolen which were coming from China via Kenya) which vanished in Kenya...
Airbus the european Aircraft Builder is flying to China and transporting the masks directly to the EU in their Airbus Airlift. The Airbus 350-1000 flew on its testlflight to China and brought 4 Mio. masks to Germany and France - they will be distributed to hospitals and homes of the elderly in Germany, France, Spain and the UK... At last the EU and even its former member UK are standing together...
https://www.airbus.com/newsroom/press-releases/en/2020/03/airbus-secures-new-face-mask-supplies-to-support-europes-fight-against-covid19.html
https://www.airbus.com/newsroom/press-releases/en/2020/03/airbus-a400m-transports-masks-to-spain-in-support-of-covid19-crisis-efforts.html
COVID-19 has no clear set of symptoms and it is nicknamed the vicious virus because some do not have any and are happily spreading without knowing it. We know of 90 year old elders and 3 year old youngstrs tested positive on COVID-19 without symptoms. But in case you have some they may be consisting out of a dry cough, fever but also sneezing (to a lower amount) and also the loss of smell and taste... (data from Germany on the base of more than 44,000 cases) https://de.statista.com/infografik/21302/die-haeufigsten-symptome-von-covid-19/
The University Hospital of Erlangen (Bavaria/Germany) has now got the permit to use plasma from COVID-19 positive persons to produce antibodies for COVID-19 affected persons... https://www.fau.eu/2020/04/06/news/research/universitatsklinikum-erlangen-given-go-ahead-to-produce-covid-19-immune-plasma/
We are all wondering about the data and Covid-19 spread. Many love the Johns Hopkins Universtiy site (me too :); but it is all about the metrix behind, the level of testing, the overall population. This visualization by statista.com shows the different numbers of COVID-19 tests per mio. persons and it really looks behind the mask...
We are all wondering about the data and Covid-19 spread. Many love the Johns Hopkins Universtiy site (me too :); but it is all about the metrics behind, the level of testing, the overall population. And it is also about the data sources and correctness. This new, corrected visualization by statista.com shows the different numbers of COVID-19 tests per mio. persons and it really looks behind the mask... And it has been corrected in terms of the USA... (new source: ourworldindata.org)...
A spark of hope at easter time: the numbers of recovered former COVID-19 persons is rising...
In Germany the number of recovered persons is rising continiously and we are through the first wave... The lockdown is loosening and 4 out of 16 states have issued an obligation to wear face masks. but the situation is fragile. The reproduction number as fallen below 1 (to 0.7, 0.8 and yesterday 0.9) but it must stay there... In order to receive herd immunity in 18 month we would require 72,000 new infections per day!
Technical Report UN on COVID-19: Resolution on Global solidarity of the Unite...
About 70 % of COVID-19 patients in Germany are considered to be healed as of 24 April 2020, see https://de.statista.com/infografik/20970/verteilung-der-covid-19-faelle-nach-aktuellem-status/
Dear Ajay H Shukla, Yes, changing models of international logistics chains, shortening and simplifying intermodal logistics chains can generate polarization and regionalization of the global economy and a regression of globalization processes. The SARS-CoV-2 (Covid-19) coronavirus pandemic may accelerate these processes.
Best regards,
Dariusz Prokopowicz
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
https://www.wto.org/english/res_e/reser_e/gtdw_e/wkshop18_e/venables_e.pdf
https://carnegieendowment.org/2020/04/28/polarization-and-pandemic-pub-81638
I think, as a matter of fact, globalization is not a priority at the moment, whereas polarization is not a goal as well. On a local level, in some countries' relations, fluctuations are possible either way, though they aren't a global trend for now.
please see link
https://www.wto.org/english/res_e/reser_e/gtdw_e/wkshop18_e/venables_e.pdf
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