Please answer the question.

Question 3 (20 marks) Below is a list of potential impacts of the COVID-l9 pandemic and subsequent policy responses undertaken by governments around the world, on globalization. a) For each impact, discuss whether it is 'extremely likely', 'likely' or 'unlikely'. Explain your answer using the models you learnt in this course. (3 marks each) i.The increase in the adoption of information, communication and remote-working technology will pave the way for greater offshoring of white-collar service tasks from developed to developing countries, increasing inequality in both types of countries. ii.Due to lockdowns that hamper consumers' ability to shop in brick and mortar stores, the demand for goods on e-commerce platforms such as Amazon will increase. Combined with labour shortages at ports (such as at Auckland port) and weak infrastructure investments in transit routes such as the Suez Canal, this will raise shipping costs and retail prices of traded goods across the globe. iii.Nationalist policies such as hoarding of anti-viral drugs, or export restrictions on Personal Protective Equipment (PPE) will lead countries to increasingly focus inwards and invest in (and possibly subsidize) domestic pharmaceutical and PPE manufacturing capabilities, raising prices of these critical commodities. iv.Firms will be wary of long supply chains overseas and will look to bring supply chains back to their home countries, leading to 'de-globalization'. b) From the four impacts listed in part a), comment on which ones will persist in the long- term, after the virus is under control globally. Explain. (8 marks)