This article was featured in Foreign Affairs magazine and written by Henry Farrell and Abraham Newman, both participating scholars in the U.S.-China Research Group on E-commerce and Mobile Technology, as part of their collaborative research.
Will the Coronavirus End Globalization as We Know It? The Pandemic Is Exposing Market Vulnerabilities No One Knew Existed
Author: Henry Farrell Abraham Newman
The new coronavirus is shaping up to be an enormous stress test for globalization. As critical supply chains break down, and nations hoard medical supplies and rush to limit travel, the crisis is forcing a major reevaluation of the interconnected global economy. Not only has globalization allowed for the rapid spread of contagious disease, but it has fostered deep interdependence between firms and nations that makes them more vulnerable to unexpected shocks. Now, firms and nations alike are discovering just how vulnerable they are.