How covid will likely transform the globalization processes

Assignment Help Business Economics
Reference no: EM133080080

COVID is the greatest crisis of this century. In a little over one year, millions of lives are lost; economies are thrown into chaos and our best and worst instincts are all exposed by the pandemic. In particular, it will greatly affect the globalization wave that we have been seen so far. Almost all countries closed their borders and engaged themselves in a relentless battle for medical supplies, PPEs, vaccines and even food. The most recent example came from the EU when it tried to seize a British vaccine plant in Belgium. Production in a foreign country is no longer considered reliable for certain critical supplies. The core concepts of Globalism are being challenged as every country is putting its national interest ahead of everything else. On the other hand, the pandemic provides us with a perfect example that only a concerted global effort will stop a global crisis. It further reminds us how quickly something local can engulf the entire world in a short time.

Please write an essay of 1,000 words in individual assignment on how COVID will likely transform the globalization processes. Be specific as to the different aspects of globalization such as economic, financial, cultural, environmental globalization. Do you think COVID will increase or decrease the current globalization trend? List your reasons in line with the concepts studied in class. Use specific examples, reliable data and facts to support your conclusion. Use graphs to illustrate your points if needed. How will mankind fight the next global crisis given the differences we are facing in ideology, economy, culture, history and others?

Quote your references in a format of your choice. Submit the assignment in Microsoft WORD by Oct 10 end of day. This assignment is 15% of your total grade.

Reference no: EM133080080

Questions Cloud

Interaction of demand and supply in the market : I. Governments can impose laws and regulate prices in the market. Should governments interfere in the interaction of demand and supply in the market? Why?
Foundation in establishing ethical standards : What biblical principle would you use as a foundation in establishing ethical standards?
Uniform premarital agreement act : Does Virginia follow the Uniform Premarital Agreement Act, a modified version, or its own state version? What are advantages and disadvantages of cohabitation.
Understanding of the derived requirements theory : Please give an article that connects the concept of derived requirements with the article, critically evaluate the derived requirements theory in the article, a
How covid will likely transform the globalization processes : COVID is the greatest crisis of this century. In a little over one year, millions of lives are lost; economies are thrown into chaos and our best and worst inst
What is the opportunity cost of spending : Economics 1. You win Rs 10,000 in a horse race. You have a choice between spending the money now and putting it in a 5% FD. What is the opportunity cost of spen
Identifying the careers suited to interests : 1. How did the personal SWOT analysis and personality test help you in identifying the careers suited to your interests, skills, and principles in life?
Stimulate an aggregate economy : Some people believe that "supply creates its own demand". How do you interpret such a statement with reference to aggregate supply and demand and, if supply did
What is the torrens system : What is the importance of Qualifying a Title as part of the loan closing process? What is the Torrens System?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd