Cascading effect of COVID-19: de-globalisation and its impact on global governance. Issue 3 (3rd July 2022)

• Record Type: Journal Article
• Authors: Permal, Sumathy
• Is Part Of: Australian journal of maritime and ocean affairs. Volume 14:Issue 3(2022)
• Page Start: 220
• Page End: 228
• Publication Date: 2022-07-03
• Subjects: Maritime law -- Australia -- Periodicals; Maritime law -- Indo-Pacific Region -- Periodicals; Law of the sea -- Australasia -- Periodicals; Law of the sea -- Indo-Pacific Region -- Periodicals; Shipping -- Australia -- Periodicals; Shipping -- Indo-Pacific Region -- Periodicals; Maritime law -- Periodicals; Shipping -- Periodicals; Periodicals; 341.45
• DOI: 10.1080/18366503.2021.1962080
• Languages: English
• ISSNs: 1836-6503

Abstract

ABSTRACT: Just as the multifaceted cascading effect of the novel coronavirus (COVID-19) has impinged significantly on individual daily life, its impact on globalisation has been no less profound. From its roots in China, the pandemic has swiftly created a chain reaction around the world as the greater interdependence of the global community has taken its toll. This article takes the position that the COVID-19 pandemic is trending towards a de-globalisation of the world. The COVID-19 pandemic has raised serious rethinking on many aspects of social culture such as health care and human-to-human interactions. But global governance has been severely impacted, and this is profound in great power competition, geo-economics, and maritime governance. This essay is structured in three parts. The first explores the impacts of COVID-19 on globalisation, the second looks at how the 'de-coupling' of the United States – China nexus has ramifications on existing international systems, the reorientation of the world economy and supply chains, and de-globalisation of maritime governance, and the third discusses why these impacts have implications for global openness. De-globalisation has its consequences and is a matter of concern because the impact changes the world into an inward-looking and highly nationalistic and a non-inclusive.