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How will the coronavirus affect globalization?

World leaders now describe Covid-19 as the 'silent enemy'. Several have called the pandemic a 'war'. For the first time in history, every nation on Earth is battling a common foe. What this will mean for globalisation remains unknown. Global connectivity is, on the face of things, being eroded, as free movement stops and people 'stay and shelter'. Yet, the world is also increasingly united, as triumph depends on cooperation.

It will erode international institutions

With results being driven by national efforts, the work of international institutions will no longer seem important.

A weakened United Nations

The UN is under threat as the virus destabilises societies.

Opposing interests between countries will weaken the European Union

EU leaders have already come to major disagreement over notional 'corona bonds', which would share post-crisis debt amongst member states. At the heart of this disagreement is the question of sovereignty versus a shared identity.

It will force us to re-imagine the international order

Free movement is a necessary condition for globalisation Without it, it's game over.

More robust international institutions

This pandemic will prove how important well-funded international bodies are in times of crisis.

Diminish 'the nation'

The crisis shows that states must depend on each other.

Strengthen 'the nation'

As societies become more inward-facing, the nation will become more important to international relations.

Shifting East-West power balance

The virus is realigning power dynamics around the world.

This page was last edited on Friday, 25 Sep 2020 at 07:19 UTC


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