Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Globalization

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

1. Globalization has changed the way we work and make a living.

As a result, trade and


travel have been identified as essential determinants of disease transmission. In addition, the
growth in urbanization and the closer integration of the world economy have encouraged
global interconnectedness.
How did the COVID-19 contribute to globalization?

NEGATIVE
Pandemics mainly target the world economy which has continuously lost
momentum as coronavirus infections surge again.

A. A pandemic affects the economy in terms of reducing the economic development


of the affected nations leading to a decrease in trade and a rise in poverty. The
unprecedented duration of COVID-19 and the lockdown measures have greatly
contributed to uncertainties in economic development. For example, the
Philippines’ economy has hit bottom with added billions of debt. The global
growth uncertainty forecasted by the International Monetary Fund (IMF) is
projected to decrease by 3% in 2020 and by 6.1% for advanced economies.
Additionally, China, the country with the second largest economy, recorded a
6.8% reduction in the first quarter of the said year.

B. The pandemic has affected the economy in terms of demand and supply. First,
buyers and investors appear to lose trust in the economies greatly affected by the
pandemic which results to depreciation of the demand side of the market. Second,
absenteeism and decreased labor force negate the supply side and finally, public
health and the international response to pandemics have an adverse effect on
commerce, travel and health economics and development policies.

C. The pandemic’s impact on events and workforce. Events across the world were
cancelled since social distancing has been implemented when the COVID-19
pandemic broke out. An example is the 2020 Summer Olympics that is supposed
to be held in Japan and was rescheduled in 2021. Also, with lockdowns and travel
restrictions, the workforce is greatly affected as only 62% of the global
employment constitutes of an informal economy. These are people who lack
social security, benefits, access to healthcare or income security which is the most
vulnerable group during these times.

D. The pandemic’s impact on healthcare capacity. The unforeseen pandemic has


threatened the world’s healthcare systems. Some countries are less affected than
others unlike the United Kingdom which has the highest fatality rate. There are
more patients than there are hospital beds, ventilators and medical workers. For
example, in the United States, there are over 10 million cases and 0.23 million
deaths. They also had a ratio of 2.9 hospital beds per 1000 people and 34.7 ICU
beds per 100,000 people.

E. The pandemic’s effect on education. Face-to-face classes are completely


cancelled which resulted to distance, blended and online learning. Transitioning
immediately to online classes resulted to many problems as students in countries
like the Philippines do not have possess gadgets and do not have access to reliable
internet connection. Some don’t even have electricity in their homes. Many
schools were forced to shut down due to bankruptcy and unpreparedness for the
new mode of learning.

POSITIVE
A. The pandemic became an opportunity for us to unite and revive globalization.
Cooperation of all countries toward a particular goal will bring countries together
and make globalization soar faster and when everything is back to normal, make
globalization across countries and around the globe faster. The lack of Personal
Protective Equipment (PPE) ignited a wave of creativity as large and small
businesses and entrepreneurs started designing and manufacturing face masks,
face shields and ventilator parts to help address the shortage.

B. The pandemic spurred the rapid mobilization of scientists worldwide and has
fostered unforeseen global collaboration to create a vaccine. The World Health
Organization (WHO) developed a blueprint which has enabled a concerted and
rapid response to COVID-19, including a vaccine development program, research
into new pharmaceutical therapies and enhanced channels for information sharing
between countries and across the globe.

C. The pandemic exposed the vulnerability and danger of becoming overly


dependent on few and distant suppliers for necessities like medical equipments. It
also resulted to radical change like digital transformations in education and health
care. People also became more productive during the lockdown and explored their
skills and talents which they can use and maybe earn money from once the
pandemic is over.

2. When religions grow more self-conscious about themselves as being world religions,
globalization stands for expanded and everyday interaction. Globalization lands
religions in tangled tensions that strengthen social identities by reducing the barriers
between various cultures. In the world, religion offers a sense of belonging to a
community. The complexities and assaults of the modern world have been sustained
by religion and are seen to be further exacerbated under the conditions of
contemporary growth. Religion has entered the “information age” and has globalized
at accelerating rates. It epitomizes the idea of globalization since it can be transmitted
more easily than ever before by the use of numerous technological instruments. It is
now possible for any religion to spread beyond national borders, allowing even small
religious movements to engage in activities abroad and leading to various unseen
religious developments.

You might also like