The COVID19 (or Corona virus) crisis is a textbook example of contemporary globalization processes. Here is a quick run through some of its features.
1. We see a crucial feature of globalization processes: the ways in which issues change when they become mobile. Concretely, what started (and remains) a public health crisis in Wuhan, China, has become an entirely different kind of issue elsewhere in the word: an economic one.
We have seen the ups-and-downs of global stock markets recently, and have read the reports on the devastating impact of the crisis on airlines and shipping across the world. We also read that production facilities in Europe have had to slow down or halt their production cycle due to shortages of supplies from China. China’s exports took a sharp downturn in January and February 2020 as a direct effect of the epidemic. Its effects are felt across…
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