Globalization, de-globalization, and re-globalization: Some historical context and the impact of the covid pandemic

• Anoop Madhok ^[1]
  1. [1] Schulich School of Business, York University
• Localización: Business Research Quarterly, ISSN 2340-9444, ISSN-e 2340-9436, Vol. 24, Nº. 3 (Special Issue Reflection Forum: Clouds in the business landscape...), 2021, págs. 199-203
• Idioma: inglés
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• Resumen

  • The Covid-19 pandemic has exposed many of the weaknesses in our current systems of government and commerce. In this essay, I provide some historical context to the recent era of “hyper-globalization.” I then present multiple factors— economic, social, political, technological, and governance-related—that collectively explain why globalization has peaked and is on the retreat. Following this, I use the analogy of a three-legged stool to explain the importance of recalibrating the economy, state, and society so as to realize a healthier alignment among them. Finally, I look at where globalization might be going next and the implications for firms, concluding with some lessons that we can take away from the COVID crisis.