Covid-19 has affected a lot of different areas of business. (Of course, we cannot ignore the impact of the ongoing situation in Ukraine, but we'll leave that out for this discussion.) Read the two articles below: - Global Growth to Slow through 2023, Adding to Risk of 'Hard Landing' in Developing Economies (The World Bank, January 2022) - A Normal Supply Chain? It's 'Unlikely' in 2022 (The New York Times, February 2022) So, what are your thoughts? Do you think globalization has a net positive or negative impact? Do you think the world will revert back to pre-pandemic status quo? Why? What do you think will happen to business practices (trade, supply chain management, tourism, etc.) in the post-pandemic world? I personally think that globalization has a net positive impact in the long run, but that the effect on individual countries in the short run would be very diverse: Developed countries have more to benefit from than those trying to integrate themselves more into the system. Although things will revert back mostly to the pre-pandemic level, I believe many countries and companies will have some contingency built into their strategies: The world hasn't experienced such disruption since the end of the World War II. So, for businesses, I think there will be a renewed emphasis on domestic production and consumption both for manufacturing and tourism. That hotels in the US fared better than, say hotels in Bali, Indonesia, highlights the importance of the 'home' market and 'domestic' demand