Globalization Challenges and Trends

The video explores the impact of COVID-19 on globalization, highlighting how the pandemic accelerated deglobalization trends. It discusses the challenges faced by global supply chains, particularly in the garment industry, and traces the history of globalization from WWII to the hyper-globalization era. The video also examines the rise of economic nationalism and protectionism, the technological decoupling between China and the West, and the potential future of a more regionalized world. It concludes with the implications for developing countries and the need for resilience in global systems.

What industry was significantly affected by the disruption of supply chains during the COVID-19 pandemic?

• Automobile industry

• Garment industry

• Technology industry

• Agriculture industry

What event marked the beginning of the modern era of globalization?

• The signing of the NAFTA agreement

• The fall of the Berlin Wall

• The end of World War II

• The Industrial Revolution

Which country became a dominant player in global trade during the era of hyper-globalization?

• Germany

• Brazil

• China

• India

What major event in 2008 contributed to the slowdown of globalization?

• The global financial crisis

• The SARS outbreak

• The dot-com bubble burst

• The Brexit referendum

What trend is expected to increase as a result of the pandemic's impact on globalization?

• De-industrialization

• Isolationism

• Regionalization

• Hyper-globalization

Which company is noted for its shorter supply chains that helped it during the COVID-19 pandemic?

• H&M

• Zara

• Nike

• Adidas

What is a potential consequence of the decoupling of Chinese and American technology sectors?

• Less competition

• More global cooperation

• Decreased innovation

• Increased innovation

Which digital companies are expected to continue thriving despite the challenges to globalization?

• Small-scale local businesses

• Local manufacturing firms

• Digital companies like Netflix and Google

• Traditional retail stores

What is a concern for developing countries like India in the post-pandemic world?

• Increased foreign investment

• Excessive globalization

• Missing out on industrialization opportunities

• Over-reliance on technology

What is a suggested approach to make societies more resilient in the face of globalization challenges?

• Returning to isolationist policies

• Shutting down supply chains

• Making interdependence work with resilience

• Building walls to keep immigrants out