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Are we heading towards deglobalisation post Covid-19?

Globalisation increases not only an economic phenomenon, but it also has other aspects such as technological, cultural and ecological. Deglobalisation will shrink these circles of global cooperation.

The Covid-19 pandemic is the worst crisis since the Great Depression of the 1930s. In fact, it is far worse than that because it is both — a health and economic crisis — which has become truly global. The pandemic is yet not over and uncertainty looms large as nobody knows when we will have a vaccine for the virus or the transmission of the virus will slow down. As more and more people are getting infected around the world, the healthcare systems of countries have come under severe strain and have also been bogged down by the shortage of essentials such as PPEs and ventilators. Not only the health system, but economies around the world are also trembling under the shock due to sharply restricted economic activities, growing recession and increasing uncertainties. The current crisis seems to be different from the previous crises, as it is causing unseen disruptions in both demand and supply.

The impact of Covid-19 outbreak has strongly been felt by international trade and global supply chains. Therefore, several times over the past few

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