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As the epidemic continues, will the trend of globalization completely change?

In fact, the global supply chain has undergone tremendous changes in the past 30 years, and the new crown epidemic has only intensified the development of changes. So now the old globalization is slowly being abandoned, and the new globalization is gradually taking shape.

The so-called old globalization is actually related to food trade. However, with the development of science and technology and economic globalization, food trade has been gradually eliminated in the past 30 years, and due to the epidemic The arrival of China has made the decline of globalization in the past even more obvious. But now the whole world is implementing globalization, which cannot be changed, and it will no longer be possible to form the previous situation of being complacent. I think the current globalization is actually digital globalization, which means business and trade through the digital information Internet. Digital globalization has developed rapidly in the past 20 years, and the growth rate has increased rapidly during the epidemic, so , the trend of globalization will definitely be completely changed by this, but the epidemic has only intensified this change.

The old globalization was based on the circulation of goods between countries, which was actually a transaction between entities, nothing more than the transaction of goods through the previous traditional logistics, but the new globalization is based on Based on the flow of data and bytes, it is equivalent to buying digital music or a TV series online. This is an economy that circulates text data. The reason why there is a trend of new globalization replacing the old globalization is because in the past 15 years, the GDP contributed by the new globalization has far exceeded the contribution of the old globalization. Therefore, the current globalization What has changed is only the form and foundation. This does not mean that globalization has ended.

The new globalization requires new supply chains, so supply chains with many potential capabilities are slowly emerging. Many people believe that Asia will begin to emerge in the global market, because Asia’s The growth rate is very fast, which is a trend that can be seen in recent years, and some people believe that India may become the third largest economy in the world by 2030.

The reason why we believe that the epidemic will allow Asia to gradually gain a foothold in the world market is because most Asian countries are actually emerging economies, so they have a lot of room for growth, while many European countries Because it has become a capital economy long ago, and now its growth is weak and has to stagnate. Secondly, because the overall population in Asia is relatively young, the young population is equivalent to a labor force with huge potential and innovative capabilities. Therefore, in the future, the Asian economy Growth will be very rapid.