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.