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Globalization in a COVID-19 Afflicted World

Marian Gorynia (Poznań University of Economics and Business, Poland)
Jan Nowak (European University of Business, Warsaw, Poland)
Piotr Trąpczyński (Poznań University of Economics and Business, Poland)
Radosław Wolniak (University of Warsaw, Poland)

International Business in Times of Crisis: Tribute Volume to Geoffrey Jones

ISBN: 978-1-80262-164-8, eISBN: 978-1-80262-163-1

Publication date: 14 March 2022

Abstract

This chapter attempts to assess the impact that the current Covid-19 pandemic can exert on the globalization process. The pandemic crisis, which fully unfolded worldwide in March 2020, had dramatic consequences for the world population, some of which are of economic character. As some of the global value chains and international trade and investment relationships were destabilized or suspended, a legitimate question arises as to the possible progress of the globalization process. The authors commence with a multidimensional concept of globalization and its critical evaluation. Subsequently, three possible scenarios of pandemic-induced development are identified and explored: disrupted globalization, de-globalization, and finally rebalanced globalization. The discussion of these scenarios also includes implications for economic policy.

Keywords

Citation

Gorynia, M., Nowak, J., Trąpczyński, P. and Wolniak, R. (2022), "Globalization in a COVID-19 Afflicted World", van Tulder, R., Verbeke, A., Piscitello, L. and Puck, J. (Ed.) International Business in Times of Crisis: Tribute Volume to Geoffrey Jones (Progress in International Business Research, Vol. 16), Emerald Publishing Limited, Bingley, pp. 379-395. https://doi.org/10.1108/S1745-886220220000016019

Publisher

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Emerald Publishing Limited

Copyright © 2022 Marian Gorynia, Jan Nowak, Piotr Trąpczyński and Radosław Wolniak