Question

How globalization has affected the spread of Corona virus outbreak? What roles have international economic organizations played in recovering and helping the economies of the affected countries?

Answer 1

Globalisation has caused larger interdependence on trade with different countries and thus cross capital flow of labor and thus the spread of virus through individual as mediums led to pandemic.

International economic organisation like IMF and World Bank have helped in financial aid and funding for under developed countries. Moreover it has granted special support through various schemes in dissemination of food grains and necessarily resources. It has also alleviated economic stress through cutting down debt exposure and refinancing of debts to help economy from recession.

answered by: anonymous