Dear Dr. Nguyen Hoang Tien ,
Depending on the particular point of view! On the one hand, we may detect isolation and deglobalization processes. Government of different countries closes the borders, try to establish self-sufficient economic systems, make steps to slow down communication with the outside world. But from the other hand, it could be deceptive view, because governments integrates efforts. Everyone knows that this threat, which calls COVID-19, we can defeat only by the united efforts of all States. Anyway it's a temporary situation. The situation changes rapidly and more accurate analyses could be elaborated after final overcoming this virus.
Best regards,
Dr. Vardan Atoyan
@ The answer is both positive and negative impact as in today globalized world we have seen two parallel trends (trade liberalization and trade protection). But more negative effects are observed so far until we find a new way of total treatment of Covid-19. Then global economy will return to its right track, hopefully...
It could have an impact on the global economy, and it is related to the extent to which countries are able to unify their policies in confronting the disease and reducing its spread.
Covid-19 does not contribute to stronger integration and globalization process because of reducing the world's population, economic decline, trade relations among countries in decline and serious air pollution.
Covid-19 threatened globalization, supply chain threats, socio-economic imbalance. Moreover, Covid-19 promotes racial discrimination globally.
Covid-19 did not contribute to stronger integration and enhance globalization because in large part due to the psychological effects of fear of the global economic downturn, the stock market and other markets plummeted.
If Covid-19 has no end, the world economy will be exhausted, the shortage of medical tools and services will be frozen, and will not contribute to the process of integration and globalization of the world economy.
Globalization will be disrupted by the Covid-19 epidemic. Since globalization has long been attacked by populists, terrorists, trade wars and environmental activists, especially countries that use sanctions and relationships. economic equivalent as a form of coercive diplomacy (answers by group of business students)
Covid-19 dealt a severe blow to the economies of the countries, causing the global economy to slow down (answer by a group of business students).
Covid-19 did not contribute to global economic integration, on the contrary it hindered import and export problems, immigration issues, daily life and exchanges with foreign countries (answer by a group of business students)
Covid-19 has contributed to the integration of the world in solidarity and mutual support in terms of health, for example, Vietnam has brought people and medical instruments to China. However, Covid-19 did not promote economic development, but also delayed the global economy because most countries closed their border gates and tightened borders with foreign countries (answers by a group of business students).
Covid-19 has an effected on the economy of the world. Those countries are greatly effected how have a dependence on the import from Wuhan as well as from main land china.The impact will continue because the virus has induce a fear in the people of the world and this fear has slowdown the process of trad and liberalization.
During the pandemic we have notice a wave of racism and a hatefulness of the glob toward china, because of which the flow of good production has reduce one the on hand of the corona virus while on the other hand the unpreparedness of the host country toward the corona virus.
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