CoVid19, a Threat or a Blessing to Globalization?

¹ Bucharest University of Economic Studies, Bucharest, Romania
² Artifex University, Bucharest, Romania

^* Corresponding author: moisedaniel@mk.ase.ro

Abstract

Research background: The new CoVid19 took by surprise almost all the countries were not aware that encountered the virus. It is most likely that many countries did not even know, realize or were not aware that the virus was already spreading in their homeland. We can consider that it was like a “tornado” or even worse like a “Geo-Storm” that affected almost each country in the World.

Purpose of the article: The healthcare system in each country was caught unprotected to such a large scale of need of medical supplies and devices. The lack of medical supplies showed the dependence of many countries on too few manufacturing countries. The demand for such products was sky rocketing and so did the price for this kind of products.

Methods: The issue studied should not be only for medical supplies, but also for strategic products, or components for example, for air transportation, military purposes, energy supplies, and so on, that could put in real difficulties the economy and the social well-being, as we know it. We have conducted a research among the stakeholders.

Findings & Value added: The outcome of this pandemic might be the end of Globalization, as the trade and dependency upon other countries will stop, or on the contrary, the consolidation of the Globalization, giving itself even an immense synergy in order to deepen and proliferate. In order to discover and debate this matter, we carried out a research to see and understand.