What are the features of the currently occurring processes of globalization or economic deglobalization after the Covid-19 pandemic?

Dariusz Prokopowicz @Dariusz-Prokopowicz

01 January 1970 1 4K Report

What are the features of the current processes of globalization or deglobalization? Are processes of economic globalization or rather processes of deglobalization still taking place after the Covid-19 pandemic?

The Covid-19 pandemic contributed to the modification of globalization processes. The pandemic caused an increase in the scale of the processes of information globalization, technological globalization, etc., including, among other things, also affecting logistics processes and chains. Due to broken logistics chains, the scales of economic globalization processes have decreased. On the other hand, the scale of ecological globalization processes may have also increased. My research shows that globalization processes of different nature have been taking place in recent years. A distinction is made in this connection between economic globalization, information globalization, technological globalization, communication globalization, cultural globalization, mental globalization and ecological globalization, etc. Each of these globalizations generates various positive and negative aspects. In each of these globalizations, either positive or negative aspects prevail, specific aspects that may have already appeared at the genesis of certain globalization processes, or when globalization significantly increased its impact on the economies of individual countries, on the operation of certain corporations, on people and their awareness of the modern world, and so on. In recent years, for example, information globalization has been particularly strongly developed through the Internet. In recent years, the importance of communication globalization associated with the development of tourism has gained additional cognitive aspects in connection with, for example, the development of the Covid-19 pandemic. The acceleration of the development of internationally and globally operating corporations, which has been taking place for several decades, has increased the importance of economic globalization processes. Also, the removal of barriers to cross-border flows of goods, services, factors of production, financial capital are also counted among the key source factors of economic globalization. Globally operating investment banks and investment funds generate processes of financial globalization. With the growing global importance of a particular currency, monetary globalization is deepening. The development of the European Union is an example of simultaneously occurring different aspects of globalization processes. Increasing the scale of the share of tourism services in GDP in some countries increases the importance not only of communication globalization but also of cultural globalization, as people learn the values of other cultures, other communities, other countries, etc. Significant factors in such globalization processes also include the globalization of certain fields of art, such as filmmaking or certain specific works of art. Various aspects of globalization are developing, for example, online computer games played by people living in different parts of the globe. In this way, the overall social consciousness of the inhabitants of planet Earth is being globalized, and globalization of a mental nature is taking place. During the Covid-19 pandemic, the importance of the digitalization of economies increased, including the exchange of information, the continuation of educational processes in schools and universities, the implementation of professional activities, the performance of work in various professional positions through the Internet, i.e. in remote online form. These processes have increased the importance of information and technological globalization concerning ICT, Internet technologies, Industry 4.0 and their use in various branches and sectors of modern economies. If a particular framing, interpretation of a global problem such as the SARS-CoV-2 coronavirus pandemic or environmental-ecological problems, including, for example, the global littering of the environment with plastic, the global nature of climate change, the progressive process of global warming, the need to develop international cooperation in the increasingly globalizing environmental policy, the implementation of the principles of sustainable development, etc., is spread, then the global significance of a particular idea is strengthened. In such a situation, specific examples of mental globalization are included in the research. In view of the above, an objective assessment of a holistic, comprehensive, integrated view of globalization processes is not easy. In order to increase the accuracy and objectivity of this type of assessment it would be necessary to take into account many, thousands of factors of various globalization processes and, taking into account their importance, relative level of significance, variability over time, etc., conduct this type of analysis using a complex, multi-faceted analytical model and advanced IT data processing technology, for example, using Big Data Analytics technology. By using this type of analytical approach, it is much easier to undertake analysis and evaluation of a certain type of globalization processes, i.e., for example, economic globalization, information globalization, technological globalization, communication globalization, cultural globalization, mental globalization, environmental globalization, etc. The research also shows that the impact of globalization on society and the environment can be large. During the Covid-19 pandemic, international, including intermodal logistics chains were temporarily interrupted is some production processes may be transferred to other countries. This led to a situation where multinational corporations that had divided their production processes in previous years into stages carried out in plants and factories located in other countries now, due to supply logistics problems, may return to the concept of concentrating the entire production processes in the same countries, in the countries of the company's headquarters or in countries that are much shorter distances away. It has happened that many factories have returned from developing countries to developed countries despite slightly or significantly higher production costs. In this way, the risk of sourcing, procurement logistics, etc. was greatly reduced. If such internationally happening economic processes are also realized in the years to come, then the retreat of economic globalization processes will deepen. Besides, also between the issues of ecology, sustainable development, climate change, the process of global warming, etc. and globalization can also be diagnosed many correlations. The promotion of the idea of sustainable pro-ecological development principles, including the implementation of ecological innovations into economic processes, should be an important factor in the current information globalization carried out through various media, including online media and social media. More and more institutions promoting the principles of sustainable pro-ecological economic development are operating beyond national borders. The development of international cooperation for greater and more effective integration of political, business and social activities in implementing the principles of sustainable pro-ecological economic development, spreading the concept of green closed-loop economy, introducing ecological innovations, including reforming the energy sector and developing renewable energy sources, developing electromobility, improving waste segregation, developing recycling is insufficient, is too small. Therefore, the transfer of technology and innovation, including ecological innovation between countries should be improved and developed. In order to increase the global scale of implementation of ecological innovations into economic processes, it is necessary to improve the logistics of international transfer of ecological technologies. In my opinion, environmental policy should be internationally synchronized. There should be greater compatibility and supra-national cooperation on the implementation of ecological innovations into economic processes, pro-ecological reforms in the energy sector, reduction of greenhouse gas emissions and improvement of recycling processes, waste segregation and reclamation of areas of the natural environment degraded by industrial development. Supra-national institutions such as the UN, the World Bank, etc., should be given greater importance in coordinating the solution of global problems such as the ongoing process of global warming. In view of the above, globalization processes have a large multifaceted impact on society and the environment. In view of the above, the Covid-19 pandemic has set back some issues of globalization processes and the development of deglobalization processes. Therefore, now a fully legitimate research question may be the issue of resolving whether, after the pandemic, again the processes of globalization, including economic globalization began to develop and return to the state before the pandemic, or vice versa, i.e. whether the processes of deglobalization continue to dominate and perhaps deepen? What are your thoughts on this issue? I invite you to discuss this topic and to cooperate with me in research.

I am conducting research on this issue. I have included the conclusions of my research in the following article (top cited in my scientific publication):

Article Globalization and the process of the systemic and normative ...

For the purposes of this discussion, I also provide a link to an article of my co-authorship on the impact of the Covid-19 pandemic on the processes of globalization and the development of deglobalization processes:

IMPACT OF THE SARS-COV-2 CORONAVIRUS PANDEMIC (COVID-19) ON GLOBALIZATION PROCESSES

Article IMPACT OF THE SARS-COV-2 CORONAVIRUS PANDEMIC (COVID-19) ON ...

In view of the above, I address the following question to the esteemed community of scientists and researchers:

What are the features of the globalization or deglobalization processes currently taking place? Are economic globalization processes or rather deglobalization processes still taking place after the Covid-19 pandemic?