Over the past century, Globalisation has been key in helping to reduce poverty and has led to millions, if not billions, of lives being improved all across the world. Since Coronavirus was declared a global pandemic, we’ve seen countries shutting down, limiting flights and cutting off links with the outside world. Borders have closed and whole regions have been quarantined. But what does this mean for the future of Globalisation? With calls for greater self-sufficiency, national food security and less international travel what will the short and long term implications be and how is this likely to change the day-to-day lives of people all across the world?
Professor Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs, outlines the positive aspects of globalisation, rising threats to globalisation over the last ten years and how Coronavirus might make matters more challenging for those who support free trade and globalisation.