Question

Explain how a pandemic could stop globalization or cause globalization to slow down

Answer 1

Answer with Explanation:

"Globalization" happens when people interact globally or around the world. This creates an "interdependence" among nations. However, when there's a pandemic, several businesses halt operations. There's also little interaction among people for fear of contracting the virus. This leads to fewer business transactions, especially those following the cross-border trade. Having a weaker intensity in international endeavors, globalization will definitely slow down because there will be no exchanges. This affects the different markets and economic systems, which globalization heavily relies on.