The Covid-19 Pandemic and the Fate of Globalization Between Fragmentation and Confrontation

ABSTRACT

This paper aims to review the repercussions of the Covid-19 pandamic on the expected dynamics and fate of globalization and the pattern of the global economic system. The research tried to distinguish between three possibilities for the fate of the global system and globalization. On the one hand, it reviews the research into the possibility of returning the situation to its first course before the crisis, even if some sporadic changes have occurred. On the other hand, the research shows the possibility of pushing the lessons learned by officials and the amendments recommended by experts towards a process of reviewing the features of globalization that we have witnessed since the 1990s. Then research reviews the third scenario, where the differences and conflicts that have escalated between the great powers may begin to exacerbate, leading to an increase in polarization, hostility and confrontation, and an end to globalization.