In the aftermath of the global pandemic, there has been a lot of discussion on the dangers of globalization, especially in light of the global economic crisis and the enormous number of deaths caused by the virus.
The increased flow of people, goods, and information, as well as viruses that spread like wildfire over the world, demonstrate the world's expanding interconnectivity.
In reaction to the economic crisis, protectionist policies have been introduced, which will almost certainly result in the reversal of some aspects of globalization. The sources in this section look at how globalization affects pandemic spread and how pandemics affect globalization.
What is the importance of globalization?
Globalization refers to the unrestricted movement of people and goods across national borders. The integration of markets, commerce, and investments with few barriers to hinder the flow of products and services between countries is primarily an economic concept.
Globalization may enable businesses to identify lower-cost production methods. It also encourages global competition, which lowers prices and provides customers with more choices.
People in both developing and developed countries can live more comfortably with less money.
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