Business Blockbuster - Helpng business to be more visible on Google

Daily Bulletin

Coronavirus hasn't killed globalisation – it proves why we need it

  • Written by: Sunil Venaik, Associate Professor of International Business, The University of Queensland

In just a few months, COVID-19 travelled from China to more than 200 other countries, and has now killed more than 200,000 people. Some claim the pandemic sounds the death knell for globalisation - but in fact, it reveals the disasters that can arise when nations try to go it alone.

Examining where the world went right or wrong in its COVID-19 response may help mitigate another global crisis, climate change.

In the face of coronavirus’ global sweep, most national governments acted independently from each other, rather than in unison. Just as in global action on climate change, the responses of nations to the health crisis has largely been ad hoc, piecemeal and, in many cases, lethally ineffective.

Read more: Here are 5 ways to flatten the climate change curve while stuck at home

My recent research as an international business scholar has focused on finding the common threads of national cultures. My research shows that people around the world have many needs and aspirations in common, such as good health, education and employment. These are best fulfilled when world leaders work jointly with a global, rather than a national, mindset.

So let’s look at the lessons COVID-19 has taught the world, and how this might help the global effort to curb climate change.

Coronavirus hasn't killed globalisation – it proves why we need it Locals in Tuvalu, a Pacific island nation vulnerable to climate change. Like coronavirus, global warming does not respect borders. Mick Tsikas/AAP

Disunity is death

Following the COVID-19 outbreak in China, many countries imposed unilateral travel bans on Chinese arrivals, against advice from the World Health Organization.

The bans mirror the response of many nations during the west African Ebola epidemic which began in 2013. Research has shown that those travel and trade restrictions acted as a disincentive for nations to report outbreaks.

There are undoubtedly legitimate questions over China’s reporting on the coronavirus outbreak. However, travel bans may have made China more defensive and less willing to share vital information with the rest of the world.

Read more: Here are 5 ways to flatten the climate change curve while stuck at home

A shortage of vital supplies also exposed fractures in international cooperation. For example, France and Germany banned the export of medical equipment such as face masks, and the United States was accused of intercepting a shipment of medical supplies en route to Germany.

But where the world has cooperated to stop the spread of COVID-19, the benefits have been obvious. Collaboration between global health scientists has helped identify the virus’ genome sequence, and grow the virus in the lab.

Similarly on climate change, international unity is required if the world is to keep temperatures below 2℃ warming this century. But international climate meetings frequently end in disunity and despair. Meanwhile, global emissions creep ever higher.

Coronavirus hasn't killed globalisation – it proves why we need it Medical supplies from China being unloaded in East Timor. International cooperation is vital during the pandemic. ANTONIO DASIPARU/EPA

The butterfly effect

One person practising social distancing during the pandemic might think their effect is negligible. But coronavirus is highly infectious: on one estimate, a single person with coronavirus could eventually infect 59,000 others.

Similarly, many countries seek to avoid responsibility for taking climate action by claiming their contribution to the global problem is small. The Australian government, for example, repeatedly points out it contributes just 1.3% to the world’s emissions total.

But on a per capita basis, Australia is one of the world’s highest emitters. And as a rich, developed nation, we must be seen to be taking action on cutting emissions if poorer nations are expected to follow suit. So actions Australia takes will have major global consequences.

Coronavirus hasn't killed globalisation – it proves why we need it The developed world has a moral obligation to act on climate change, regardless of its emissions contribution. Federico Gambarini/EPA

Act quickly

In the two months it took the virus to spread from China and become a global pandemic, other nations could have readied themselves by amassing test kits, ventilators and personal protective equipment. But many nations did not adequately prepare.

For example the US was slow to implement a widespread testing regime, and Japan did not declare a nationwide state of emergency until mid-April.

Read more: From the bushfires to coronavirus, our old 'normal' is gone forever. So what's next?

Of course the world has had a far longer time to adapt to and mitigate climate change. The time lag between emissions and their consequences is years, even centuries. There has been ample opportunity to take progressive and thoughtful corrective action against climate change. Instead, the crisis has been met with complacency.

As the COVID-19 experience has shown, the longer we delay action on climate mitigation, the more global, costly, and lethal the consequences.

Coronavirus hasn't killed globalisation – it proves why we need it US President Donald Trump, right, with Vice President Mike Pence. The US response to coronavirus has been criticised as too slow. Doug Mills/EPA

Challenges ahead

As others have noted, a major supplier of swabs used for coronavirus testing is based in Italy, and a German company is a primary supplier of chemicals needed for the tests. Many counties rely on foreign suppliers for ventilators, and an Indian firm – the world’s largest vaccine manufacturer – says once a COVID-19 vaccine is ready for mass production, it will supply large volumes to the world, at low cost.

It’s clear that international cooperation is critical for effective mass testing and treatment for the virus. Nations must work together to improve production and distribution, and resources must be shared.

So too is cooperation needed to deal with the worldwide economic downturn. The global recovery will be long and slow if nations adopt sovereign mindsets, putting up barriers to protect their own economies.

With the coronavirus as with climate change, working together is best way to secure humanity’s safety, health and well-being.

Authors: Sunil Venaik, Associate Professor of International Business, The University of Queensland

Read more https://theconversation.com/coronavirus-hasnt-killed-globalisation-it-proves-why-we-need-it-135077

Business News

The Growing Demand for Durable Plastic Packaging Supplies Across Australia

Why Do Australian Businesses Need Reliable Plastic Packaging Supplies? Businesses need packaging that can withstand everyday handling, storage, and distribution without creating avoidable delays. Pla...

Daily Bulletin - avatar Daily Bulletin

Office Cleaning Melbourne: Choosing the Right Scope for Your Office

A well-planned office cleaning Melbourne arrangement starts with a clear understanding of the premises and the people who use it. An office may include private work areas, shared desks, reception, mee...

Daily Bulletin - avatar Daily Bulletin

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Cybersecurity Services and Solutions for Complete Digital Protection

Businesses leverage Cybersecurity solutions for protection against digital threats of the modern era...

What Australian Entrepreneurs Should Know About Streamlining Their Financial Processes

Running a small business in Australia demands much more than just delivering a great product or serv...

Supporting Joint Health in Young and Growing Horses

Anyone who has raised a foal through to a rising three-year-old knows how deceptively fast the gro...

Why Is My Switchboard Buzzing? What a Humming Breaker Is Telling You

Most people never hear their switchboard. It sits quietly in a cupboard, a hallway or a meter box ou...

Solar Panels Geelong: Key Factors to Consider Before Installation

Solar power can help households and businesses generate electricity on site, but the value of a syst...

How Rats and Mice Get Into Homes Through Gaps Most People Miss

Rats and mice do not need an open door to get inside a home. They can squeeze through small openings...

Why a Safety Certified I/O Module Matters in Machine Design

Understanding Safety-Related I/O A safety certified I/O module is designed for use within an arch...

How to Compare Ceiling Fans online before Buying

Comparing ceiling fans online before making a purchase helps you understand how each model will su...

How Does a Portable Power Station for Carvan Adventures Support Smarter Camping?

Why Does Off-Grid Camping Need a Reliable Portable Power Station for Carvan Travel?  People often...