Globalization and Covid-19 ECON241
USA ranking on DHL index?
37 (USA is a self-sufficient country)
DHL Global Connectedness Index
Measures globalization during the pandemic: flows of trade, capital, info, people
Convergence
Narrowing of the gap between rich and poor countries
Has convergence occurred?
Positive trends are present, but lowest income sector has not caught up. Globalization has not caught the poor up to the rich.
Hyper globalization
1980's came with a surge in trade/finance and a diversification of the supply chain. Slowed after 2008, damaged in 2020
Western offshoots
Capitalist, democratic countries of Australia, NZ, Canada, USA
What are the main global issues?
Covid, trade, poverty, climate change, war, terrorism, policy, automation of jobs, geopolitics
Negatives of Hyper-globalization?
Income inequality, financial instability, China=world's factory
KOF Index of Globalization
Index measuring 3 dimensions of globalization, SOCIAL,ECONOMIC and POLITICAL.
What is globalization?
Integration, trade, finance, internationalization of production, politics, and culture
Highest performers on KOF index?
Scandinavian countries
Davos World Economic Forum
Ski resort in Switzerland where world leaders meet to discuss global issues
According to the DHL index, what happened during 2020?
Travel reduced to its 1990 level, surge of information (zoom, telehealth, etc.)
Geopolitics
study of government and its policies as affected by physical geography
