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DEGLOBALIZATION OR REGLOBALIZATION?

Until the recent corona virus outbreak, such a situation can only be occurred in movies having well-written scenarios. Although there are many simulations for possible pandemics, the world seems not well prepared. That is, this outbreak is much beyond available predicted scenarios. Regarding the level of social and economic isolation caused by corona virus outbreak, whether this is the end of globalization (deglobalization) appears as an important question. However, from a different point of view, this process has some consistent features with the third great unbundling. Third great unbundling is not a deglobalization, rather it may be a reglobalization process with a different algorithm from ordinary globalization. Thus, whoever wants to understand the possible effects of this outbreak on economy shouldn’t confine or limit his/her mind with certain ordinary understandings of the contemporary world.

 

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