Covid-19 Acting as a Provoke for De-Globalization- An Overview

Abstract

The word ‘being global’ was meant a whole lot till now to a large extent until the outbreak of COVID-19. Although De-globalization concept was heaped on geopolitical reasons with the Trump government but COVID-19 has triggered the process. COVID-19 has affected the economic growth of thousands of firms who rely on doing their business cross borders. It brought turbulence to all those firms whose operations are scattered over various countries. Effects on global economy, disturbed geopolitical relations and global supply chain messed up were some of the eruptions that came along with the pandemic. The present paper brings an insight into how the COVID-19 pandemic has provoked the process of de-globalization and revived the nationalization issue all over the world. The study utilizes data from online sources such as websites, online journals, news articles to highlight how COVID-19 has been acting as a means to provoke De-globalization. The study presents an overview of the effect of COVID-19 on geopolitical relations, nationalization of human resources and global demand and supply chains. It is concluded that until the pandemic recedes, the global businesses are to suffer from tribulations. The study also sheds light on some of the innovations that came into existence because of the pandemic.