extra post -What may cause reduction in globalization?
What may cause reduction in globalization?
I think the Covid-19 Virus has had a lot of influence recently on causing the reduction in globalization.
The current crisis caused by corona has caused a reduction in logistics supply chains and networks. These play a big role in maintaining globalization. But now, the flow of trade and capital has decreased due to the corona.In addition, border closures and travel bans were repeated to curb the spread of the virus, resulting in an unprecedented collapse of population flows. In terms of capital flows, FDI flows decreased by 30-40% as the UN expected.
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