Discussion and Analysis of Extensive Deglobalization Impacts Around the Globe
Thesis: 6.5/10
I think this is a pretty good draft, but the issue is that your main position is fairly unclear and as a result the narrative you're trying to build doesn't really coalesce the way you might want it to. The conclusion is a good example of this. Here you talk about how the COVID-19 outbreak was a key moment that caused the perception of globalization to change and the ways international trade mechanisms were used as a result. While you allude to this at some points in your paper, you never painted this as a major focal point. I believe this is largely due to presentation and organization, as you have a good amount of research here to consider key ideas. I would suggest rewriting an outline and seeing if that helps you restructure your argument.
Motivation: 8.75/10
You do a good job of explaining the importance of this issue and many of the points you bring up related to it. However, a major thing this draft lacks is a concrete definition of what "globalization" is. If you can explain when simple cooperation between nation states becomes globalization and back it up with citations from the literature, that would help put your arguments in context.
Evidence: 8.75/10
Structure: 5.25/7.5
Style: 5.25/7.5
Citations: 5/5
Score: 39.5/50
Overall, I commend you for having a full 20 page draft as it gives me a good picture of your full thought process so far. While this draft is imperfect, I think you're in an excellent position as I'll be able to give you pointers on what to trim out and make clearer going forward. I'm looking forward to seeing what you do with future drafts.
+ 50 points for meeting assignment requirements.
Grade: 89.5/100
An annotated version of this first Draft with Comments will be included soon.
Discussion and Analysis of Extensive Deglobalization Impacts around the Globe
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Introduction
One of the most unique aspects of the modern digital world is the emergence of globalization as a characteristic feature of human societies. Even though scholars differ in developing an effective and applicable definition of globalization, one may simplify this global phenomenon by terming it as unprecedented interdependence among world nations in domains of social affairs, economics, and cultural norms (Shrestha et al., 2020). Critics have evaluated globalization as the culmination of centuries of technological advancement and growth in international cooperation. Globalization gained popularity after the Cold War in the 1990s, and ever since, the exponential growth of cross-border trade, global flow and exchange of technology across the globe, and greater cooperation among countries has increased global growth.
At the beginning of the 21st century, however, the emergence of a new unprecedented phenomenon called “deglobalization” began to gain traction in global society, and this new trend significantly destabilized the growth and acceptance of globalization. Deglobalization refers to the growing tendencies of global societies to focus on individual economic, social, and cultural growth characterized by their preferences for disentanglement from global contracts and the development of power national and local forces (Kornprobst & Wallace, 2021). Deglobalization has promoted protectionist governments, and as countries have become more protectionist and less willing to work together internationally, it has messed up global supply lines and caused a complex web of economic, social, and political effects (Bloomberg, 2020).
COVID-19 was the worldwide disease that woke people up to the need to stop globalization. This pandemic promoted deglobalization since it was marked by restrictions on global traveling, extensive and stricter mobility regulations, and severely diminished trade and economic activities due to lockdowns. The broad effects of the pandemic showed how fragile a world is that is used to ease global trade and linked economies. Since technology can help lessen the effects of deglobalization, it is imperative to analyze how the digitalization of supply lines, 3D printing, and artificial intelligence have become powerful tools for adapting to a world economy that is becoming more fragmented. These tools solve problems and change the future of business by introducing new ways of doing business and making it more robust (Stanojević, 2020). Many companies worldwide have now found ways to deal with the adverse impacts of deglobalization. Diversifying supply chains, helping domestic industries, and rethinking foreign relations are all ways to adapt to a changing economy.
With the change in the global supply chain caused by deglobalization, the pattern of employment and its requirements experienced a radical shift; additionally, deglobalization has caused a reduction of a considerable number of jobs in multiple sectors. The resulting income inequality and economic disparities are becoming essential problems that need policy solutions to spread the benefits of change. Access to goods and services is also risky since trade barriers can affect the cost of life and people’s choices. As the world is dealing with the effects of deglobalization, analysts are at a crossroads where innovation, resilience, and a willingness to include everyone must lead us to a healthy and fair future.
Hence, this essay aims to develop a comprehensive understanding of the role of the COVID-19 pandemic in accelerating the process of deglobalization and defamation of globalization. This understanding will facilitate the analysis and evaluation of various effects of deglobalization from every angle. Also, the risks that the pandemic put global supply chains at, including the impact of relying too much on a single source and the limits of just-in-time stocking systems, will be examined. Then, the rise of protectionist measures and the fall of international cooperation that led to trade tensions and geopolitics changes will be considered.
Discussion
The Role of COVID-19 Pandemic in Changing the Perception of Globalization
The emergence of the COVID-19 pandemic in 2019 brought about a radical and unexpected change in global economic, social, and commerce activities as it created significant concern about the communication of infectious diseases through global trade (Shrestha et al., 2020). This global healthcare issue highlighted the fact that the global outbreak of infectious disease in the past resulted from the unrestricted movement of people and goods across the globe (Shrestha et al., 2020). Therefore, this realization catalyzed the defamation of globalization in the global corporate sector and reinforced the notion of local power and economic development and interaction.
The fear of the spread of the deadly virus put an extremely strict check on global trade, foreign direct investments, and international traveling. Hence, the pandemic struck a death blow to the core components of globalization and changed people’s perception of global interconnectivity altogether (Anonymous, 2021). This pandemic generated an anti-globalization trend, which is reflected in consumer behavior, the foreign policy shift, and the extremely cautious behavior of the state toward international cooperation at the global level (Anonymous, 2021). This disastrous event gave global states an excuse to withdraw from their commitment to multilateralism and free trade agreements. Most importantly, this event disrupted the global supply chain and this disruption led to increase in the expansion of deglobalization. The following section, therefore, provides a comprehensive understanding of the effect of COVID-19-induced deglobalization on multiple facades of the global economy to highlight its overall negative impact.
Economic Consequences of Deglobalization
The current situation of the global economy is witnessing the effects of a trend towards deglobalization, characterized by the deployment of protective policies and decreasing levels of international cooperation among nations. The repercussions mentioned above have the potential to considerably impact various domains, including economies, international trade, and even the political landscapes of