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A Global Outbreak Is Fueling the Backlash to Globalization | A Global Outbreak Is Fueling the Backlash to Globalization |
(about 8 hours later) | |
LONDON — Well before a deadly virus began spreading across multiple borders, a world defined by deepening interconnection appeared to be reassessing the merits of globalization. | LONDON — Well before a deadly virus began spreading across multiple borders, a world defined by deepening interconnection appeared to be reassessing the merits of globalization. |
The United States, led by the unabashed nationalist Donald J. Trump, was ordering multinational companies to abandon China and make their goods in American factories. Britain was forsaking the European Union, almost certainly reviving customs checks on both sides of the English Channel, while threatening to disrupt a vital trading relationship. | The United States, led by the unabashed nationalist Donald J. Trump, was ordering multinational companies to abandon China and make their goods in American factories. Britain was forsaking the European Union, almost certainly reviving customs checks on both sides of the English Channel, while threatening to disrupt a vital trading relationship. |
A surge of refugees fleeing some of the most dangerous places on earth — Syria, Afghanistan, Central America — had produced a backlash against immigration in many developed countries. In Europe, it elevated the stature of extreme right-wing parties that were winning votes with promises to slam the gates shut. President Trump was pursuing the construction of a wall running along the border with Mexico, while seeking to bar Muslims from entering the country. | A surge of refugees fleeing some of the most dangerous places on earth — Syria, Afghanistan, Central America — had produced a backlash against immigration in many developed countries. In Europe, it elevated the stature of extreme right-wing parties that were winning votes with promises to slam the gates shut. President Trump was pursuing the construction of a wall running along the border with Mexico, while seeking to bar Muslims from entering the country. |
The coronavirus that has seeped out of China, insinuating itself into at least 81 countries while killing more than 3,200 people, has effectively accelerated and intensified the pushback to global connection. | The coronavirus that has seeped out of China, insinuating itself into at least 81 countries while killing more than 3,200 people, has effectively accelerated and intensified the pushback to global connection. |
It has sown chaos in the global supply chain that links factories across borders and oceans, enabling plants that produce finished products to draw parts, components and raw materials from around the world. Many companies are now seeking alternative suppliers in countries that appear less vulnerable to disruption. | It has sown chaos in the global supply chain that links factories across borders and oceans, enabling plants that produce finished products to draw parts, components and raw materials from around the world. Many companies are now seeking alternative suppliers in countries that appear less vulnerable to disruption. |
The epidemic has supplied Europe’s right-wing parties a fresh opportunity to sound the alarm about open borders. It has confined millions of people to their communities and even inside their homes, giving them time to ponder whether globalization was really such a great idea. | The epidemic has supplied Europe’s right-wing parties a fresh opportunity to sound the alarm about open borders. It has confined millions of people to their communities and even inside their homes, giving them time to ponder whether globalization was really such a great idea. |
“It reinforces all the fears about open borders,” said Ian Goldin, a professor of globalization and development at Oxford University and an author of a 2014 book that anticipated a backlash to liberalism via a pandemic, “The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do About It.” | “It reinforces all the fears about open borders,” said Ian Goldin, a professor of globalization and development at Oxford University and an author of a 2014 book that anticipated a backlash to liberalism via a pandemic, “The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do About It.” |
“In North America and Europe, there is a recalibration, a wanting to engage on a more selective basis,” he said. | “In North America and Europe, there is a recalibration, a wanting to engage on a more selective basis,” he said. |
By Mr. Goldin’s estimation, the coronavirus is merely the latest force to reveal the deficiencies of globalization as it has been managed in recent decades — an under-regulated, complacent form of interconnection that has left communities vulnerable to a potent array of threats. From the worldwide financial crisis of 2008 to climate change, ordinary people have concluded that the authorities cannot be trusted to keep them secure. That has allowed politicians to attack legitimate problems with simplistic solutions, like trade protectionism and armored borders. | By Mr. Goldin’s estimation, the coronavirus is merely the latest force to reveal the deficiencies of globalization as it has been managed in recent decades — an under-regulated, complacent form of interconnection that has left communities vulnerable to a potent array of threats. From the worldwide financial crisis of 2008 to climate change, ordinary people have concluded that the authorities cannot be trusted to keep them secure. That has allowed politicians to attack legitimate problems with simplistic solutions, like trade protectionism and armored borders. |
Now the coronavirus scare has aggravated the trend. “I don’t think any wall can be high enough to keep out a pandemic, or climate change, or any of the other big threats that face humanity in the future, so I think it’s counterproductive,” Mr. Goldin said. | Now the coronavirus scare has aggravated the trend. “I don’t think any wall can be high enough to keep out a pandemic, or climate change, or any of the other big threats that face humanity in the future, so I think it’s counterproductive,” Mr. Goldin said. |
Globalization is far from over. The commercial links that produce the goods of the modern age, from computers to automobiles, involve so many people coordinating so many processes that a purely localized form of industry now seems unimaginable on a mass scale. The coronavirus itself does not respect borders, requiring international coordination, a process facilitated by the infrastructure of globalization. | Globalization is far from over. The commercial links that produce the goods of the modern age, from computers to automobiles, involve so many people coordinating so many processes that a purely localized form of industry now seems unimaginable on a mass scale. The coronavirus itself does not respect borders, requiring international coordination, a process facilitated by the infrastructure of globalization. |
But as surgical masks become desperately desired items, as schools from Japan to Ireland sit closed, as airlines scrap flights, trade shows are canceled and stock markets plunge, annihilating trillions of dollars in wealth, the panic seems likely to alter the contours of globalization. | But as surgical masks become desperately desired items, as schools from Japan to Ireland sit closed, as airlines scrap flights, trade shows are canceled and stock markets plunge, annihilating trillions of dollars in wealth, the panic seems likely to alter the contours of globalization. |
The most obvious impact is on trade. The epidemic has prompted a re-examination of the world’s central reliance on China as ground zero for manufacturing, a trend that was already underway via the trade war. | The most obvious impact is on trade. The epidemic has prompted a re-examination of the world’s central reliance on China as ground zero for manufacturing, a trend that was already underway via the trade war. |
In Mr. Trump’s depiction, any product made in a foreign country and then sold in the United States amounts to an instance of American workers getting fleeced. In that spirit, the Trump administration imposed tariffs on hundreds of billions of dollars’ worth of goods from China, promising that this would force companies — from clothing brands to gadget makers — to bring production back to the United States. | In Mr. Trump’s depiction, any product made in a foreign country and then sold in the United States amounts to an instance of American workers getting fleeced. In that spirit, the Trump administration imposed tariffs on hundreds of billions of dollars’ worth of goods from China, promising that this would force companies — from clothing brands to gadget makers — to bring production back to the United States. |
The trade war has failed to produce the promised jobs, instead yielding a manufacturing slowdown in the United States. Some multinational companies have moved factory production away from China, shifting work to Vietnam, Bangladesh and Mexico. | The trade war has failed to produce the promised jobs, instead yielding a manufacturing slowdown in the United States. Some multinational companies have moved factory production away from China, shifting work to Vietnam, Bangladesh and Mexico. |
Trump administration officials have taken the coronavirus outbreak as the impetus to reinforce their pressure on companies to leave China. “It will help accelerate the return of jobs to North America,” Commerce Secretary Wilbur Ross said in late January. | Trump administration officials have taken the coronavirus outbreak as the impetus to reinforce their pressure on companies to leave China. “It will help accelerate the return of jobs to North America,” Commerce Secretary Wilbur Ross said in late January. |
Last week, Mr. Trump’s senior trade adviser, Peter Navarro, who wrote a book called “Death by China,” used the coronavirus as a stark reminder that the United States had allowed too much factory production to leave its shores. | Last week, Mr. Trump’s senior trade adviser, Peter Navarro, who wrote a book called “Death by China,” used the coronavirus as a stark reminder that the United States had allowed too much factory production to leave its shores. |
“A lot of it’s in China,” he told Fox News. “We’ve got to get that back.” | “A lot of it’s in China,” he told Fox News. “We’ve got to get that back.” |
Many in the manufacturing world dismiss such talk as politics masquerading as economic policy. No matter what happens, Americans are unlikely to find themselves sitting in large numbers behind sewing machines stitching up clothing or hovering over assembly lines as they fit electronics into circuit boards. But a marginal shift of work from Chinese factories to those in other low-wage nations is likely to accelerate. | Many in the manufacturing world dismiss such talk as politics masquerading as economic policy. No matter what happens, Americans are unlikely to find themselves sitting in large numbers behind sewing machines stitching up clothing or hovering over assembly lines as they fit electronics into circuit boards. But a marginal shift of work from Chinese factories to those in other low-wage nations is likely to accelerate. |
“People have understood from the trade war that they cannot rely too much on China,” said Sebastien Breteau, chief executive of Qima, a Hong Kong-based company that inspects factories that make clothing, electronics and other goods for major international brands. | “People have understood from the trade war that they cannot rely too much on China,” said Sebastien Breteau, chief executive of Qima, a Hong Kong-based company that inspects factories that make clothing, electronics and other goods for major international brands. |
Since the beginning of the year, he said, Qima’s inspections have increased by roughly half in both Vietnam and Bangladesh. | Since the beginning of the year, he said, Qima’s inspections have increased by roughly half in both Vietnam and Bangladesh. |
The outbreak has brought into sharp relief that the world’s factories and retail operations have become so dependent on China that a crisis there can swiftly turn into trouble nearly everywhere. Economists broadly assume that shortages of parts will crop up in coming weeks and months, after inventories are exhausted. | The outbreak has brought into sharp relief that the world’s factories and retail operations have become so dependent on China that a crisis there can swiftly turn into trouble nearly everywhere. Economists broadly assume that shortages of parts will crop up in coming weeks and months, after inventories are exhausted. |
Manufacturers in India and Japan rely on China for 60 percent of their imported electronics components, according to Fitch Ratings. American manufacturers buy roughly half of their imported electronics parts from China. | Manufacturers in India and Japan rely on China for 60 percent of their imported electronics components, according to Fitch Ratings. American manufacturers buy roughly half of their imported electronics parts from China. |
Hyundai, the world’s fifth-largest automaker, halted production at its factories in South Korea last month because of a shortage of parts made in China. Nissan cited parts shortages in ceasing production in Japan. Nintendo faces delays in delivering its popular gaming console, the Switch, to customers in the United States and Europe, because a factory that makes the devices in Vietnam has been unable to secure critical parts from China. | Hyundai, the world’s fifth-largest automaker, halted production at its factories in South Korea last month because of a shortage of parts made in China. Nissan cited parts shortages in ceasing production in Japan. Nintendo faces delays in delivering its popular gaming console, the Switch, to customers in the United States and Europe, because a factory that makes the devices in Vietnam has been unable to secure critical parts from China. |
In Italy, local authorities quarantined industrial communities south of Milan as the coronavirus spread there late last month, threatening to amplify troubles for the global supply chain. Italy is a major supplier of auto parts, meaning that disruption in its factories is likely to be felt in Germany and the rest of Europe. | In Italy, local authorities quarantined industrial communities south of Milan as the coronavirus spread there late last month, threatening to amplify troubles for the global supply chain. Italy is a major supplier of auto parts, meaning that disruption in its factories is likely to be felt in Germany and the rest of Europe. |
But the moral of this story, say economists, is not that globalization is inherently dangerous: It is that market forces left unsupervised pose perils. | But the moral of this story, say economists, is not that globalization is inherently dangerous: It is that market forces left unsupervised pose perils. |
Updated June 16, 2020 | |
The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave. | |
So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. | So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. |
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. | Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. |
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. | A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. |
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. | The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. |
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. | Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. |
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. | States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. |
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. | Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. |
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) | If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) |
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. | Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. |
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. | The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. |
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. | If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. |
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. | If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. |
Part of the world’s vulnerability to supply chain disruption stems from the excessive embrace of the so-called just-in-time mode of manufacturing: Rather than keep warehouses stocked with needed parts, ensuring that they are on hand come what may, the modern factory uses the web to order parts as the need arises, while relying on global air and shipping networks to deliver them on a timeline synchronized with production. | Part of the world’s vulnerability to supply chain disruption stems from the excessive embrace of the so-called just-in-time mode of manufacturing: Rather than keep warehouses stocked with needed parts, ensuring that they are on hand come what may, the modern factory uses the web to order parts as the need arises, while relying on global air and shipping networks to deliver them on a timeline synchronized with production. |
Just as the financial crisis demonstrated that banks were lending mind-bending sums of money without leaving enough in reserve to cover bad debts, the coronavirus has underscored how global manufacturing has been running too lean, operating in disregard of risks like earthquakes, epidemics and other disasters. | Just as the financial crisis demonstrated that banks were lending mind-bending sums of money without leaving enough in reserve to cover bad debts, the coronavirus has underscored how global manufacturing has been running too lean, operating in disregard of risks like earthquakes, epidemics and other disasters. |
That state of play is the direct result of the supremacy of shareholder interests in the global economy, with whatever yields short-term profits generally pushing aside prudent considerations about longer-term risks. | That state of play is the direct result of the supremacy of shareholder interests in the global economy, with whatever yields short-term profits generally pushing aside prudent considerations about longer-term risks. |
“It costs to have a stock,” said Mr. Goldin, the Oxford expert. “You have the pressure of the market, and quarterly reporting, and analysts are breathing down your neck. You can’t say, ‘Well, we have lower profits, but more resilience.’” | “It costs to have a stock,” said Mr. Goldin, the Oxford expert. “You have the pressure of the market, and quarterly reporting, and analysts are breathing down your neck. You can’t say, ‘Well, we have lower profits, but more resilience.’” |
In the political realm, the coronavirus has handed those who denounce immigration putative evidence for their warnings. | In the political realm, the coronavirus has handed those who denounce immigration putative evidence for their warnings. |
The impact is especially palpable within the 27 countries of the European Union, which has long been governed by a central belief that economies and societies are most dynamic when people and goods are able to move freely across borders. The arrival of millions of migrants in recent years has tested that thinking. Extreme right-wing parties emerged from the political wilderness to achieve mainstream status with promises that they would seal borders. | The impact is especially palpable within the 27 countries of the European Union, which has long been governed by a central belief that economies and societies are most dynamic when people and goods are able to move freely across borders. The arrival of millions of migrants in recent years has tested that thinking. Extreme right-wing parties emerged from the political wilderness to achieve mainstream status with promises that they would seal borders. |
The Sweden Democrats, a party with roots in the neo-Nazi movement; Alternative for Germany, whose followers have revived the language of Hitler; and France’s National Front have all prospered. In Italy, the League — whose leader, Matteo Salvini, has said immigration is an attempt at the “ethnic cleansing” of Italians — has attacked the country’s government for failing to bolster the borders in the face of the epidemic. | The Sweden Democrats, a party with roots in the neo-Nazi movement; Alternative for Germany, whose followers have revived the language of Hitler; and France’s National Front have all prospered. In Italy, the League — whose leader, Matteo Salvini, has said immigration is an attempt at the “ethnic cleansing” of Italians — has attacked the country’s government for failing to bolster the borders in the face of the epidemic. |
But if some are inclined to use the coronavirus as an opportunity to write globalization’s obituary, others say that misses the point of an outbreak born in a global manufacturing hub, propelled by modern air travel and spread by the irrepressible human impulse to move around. | But if some are inclined to use the coronavirus as an opportunity to write globalization’s obituary, others say that misses the point of an outbreak born in a global manufacturing hub, propelled by modern air travel and spread by the irrepressible human impulse to move around. |
“This is just an indication that globalization is what it is,” said Maria Demertzis, an economist and deputy director at Bruegel, a research institution in Brussels. “People will always want to travel. They will always want to trade. The answer is not to again build walls. You need more cooperation and clear information.” | “This is just an indication that globalization is what it is,” said Maria Demertzis, an economist and deputy director at Bruegel, a research institution in Brussels. “People will always want to travel. They will always want to trade. The answer is not to again build walls. You need more cooperation and clear information.” |