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Globalism after COVID-19 Pandemic: A Turning Point in the Separation of Social and Economic Aspects

机译:Covid-19大流行后的全球化:社会和经济方面分离的转折点

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A global pandemic caused by a microscopic enemy, which outbroke in Wuhan, China, quickly spread throughout the modern world, bringing world’s largest economies to a halt. By March 2020, the whole world was impacted by the ripple effects of COVID-19 and was in the midst of battling this infectious disease. The pervasive economic consequences of the coronavirus are not a ma croeconomic problem that can be solved or reduced. Instead, the world is seeing a fundamental change in the nature of the global economy. The immediate crisis is considered to have affected both supply and demand. Declining supply shall be considered as a short-term issue, that stimulus plans by various countri es, including a massive plan by the US government, along with historic low interest rates, may remedy. In this article we examine different scenarios of the supply chain’s future and its separation from social trends. Moving nations toward self-sufficiency may deeply alter globalization, which requires the di vision of labor between different economies. Unless strong economic policy measures are taken to prevent social disintegration, this change may be an end to globalization. Hence, many global leaders have implemented stimulus package s in an effort to relieve the economic stress felt by businesses and families, as a short-term economic stress relief. This pandemic has demonstrated the fragile nature of the US and the global trade system, due to majority of products being manufactured in China. There is an urgent need to expand manu facturing industries to various countries rather than concentrate most of them in one location. This pandemic will result in a shift to self-sufficiency, in the short-term, within borders. However, in the long-run, it will re-define globalization to include more countries functioning as micro-hubs for production, which should be implemented to avoid the “ all eggs in one basket ” scenario. In addition, this system will enable smaller economies to participate in the global platform.
机译:由微观敌人引起的全球大流行,中国武汉突出,迅速遍布整个现代世界,将世界上最大的经济增长停止。到2020年3月,全世界受到Covid-19的涟漪效应的影响,并在争夺这种传染病中。冠状病毒的普遍经济后果不是可以解决或减少的MA CRO经济问题。相反,世界正在看到全球经济性质的根本性变化。直接危机被认为影响了供需。拒绝供应应被视为短期问题,各国政府的各种国家的刺激计划,包括美国政府的大规模计划,以及历史的低利率,可能会得到补救措施。在本文中,我们研究了供应链未来的不同情景及其与社会趋势的分离。向自给自足而移动国家可能深入改变全球化,这需要不同经济体之间的劳动力的差异。除非采取强大的经济政策措施来防止社会崩解,否则这种变化可能是全球化的结束。因此,许多全球领导人都实施了刺激计划,以减轻企业和家庭的经济压力,作为短期经济压力救济。由于中国的大多数产品,这一流行病展示了美国和全球贸易体系的脆弱性。迫切需要扩大对各国的制造工业,而不是将大部分集中在一个地点。这种大流行将在边界内的短期内转变为自给自足。然而,从长远来看,它将重新定义全球化,包括更多国家运作为微型集线器的生产,应该实施,以避免“一个篮子里的所有鸡蛋”情景。此外,该系统将使较小的经济体能够参与全球平台。

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