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Inter-country Distancing, Globalization and the Coronavirus Pandemic

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  • Zimmermann, Klaus F.
  • Karabulut, Gokhan
  • Bilgin, Mehmet Huseyin
  • Doker, Asli Cansin

Abstract

Originating in China, the Coronavirus has reached the world at different speeds and levels of strength. This paper provides some initial understanding of some driving factors and their consequences. Since transmission requires people, the human factor behind globalization is essential. Globalization, a major force behind global wellbeing and equality, is highly associated with this factor. The analysis investigates the impact globalization has on the speed of initial transmission to a country and on the size of initial infections in the context of other driving factors. Our cross-country analysis finds that measures of globalization are positively related to the spread of the virus, both in speed and size. However, the study also finds that globalized countries are better equipped to keep fatality rates low. The conclusion is not to reduce globalization to avoid pandemics, but to better monitor the human factor at the outbreak and to mobilize collaboration forces to curtail diseases.

Suggested Citation

  • Zimmermann, Klaus F. & Karabulut, Gokhan & Bilgin, Mehmet Huseyin & Doker, Asli Cansin, 2020. "Inter-country Distancing, Globalization and the Coronavirus Pandemic," GLO Discussion Paper Series 508, Global Labor Organization (GLO).
    • Handle: RePEc:zbw:glodps:508
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    7. Nguyen, Trung Thanh & Do, Manh Hung, 2021. "Impact of economic sanctions and counter-sanctions on the Russian Federation’s trade," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 267-278.
    8. Karabulut, Gokhan & Zimmermann, Klaus F. & Bilgin, Mehmet Huseyin & Doker, Asli Cansin, 2021. "Democracy and COVID-19 outcomes," Economics Letters, Elsevier, vol. 203(C).
    9. Jacob Assa & Cecilia Calderon, 2020. "Privatization and Pandemic: A Cross-Country Analysis of COVID-19 Rates and Health-Care Financing Structures," Working Papers 2008, New School for Social Research, Department of Economics.
    10. Domenico Depalo, 2021. "True COVID-19 mortality rates from administrative data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(1), pages 253-274, January.
    11. Beskida Dorda & Eriona Shtëmbari, 2020. "A New Perspective on Organizational Culture In Emergency Situations," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 11(2), pages 16-26, October.
    12. Zaremba, Adam & Kizys, Renatas & Tzouvanas, Panagiotis & Aharon, David Y. & Demir, Ender, 2021. "The quest for multidimensional financial immunity to the COVID-19 pandemic: Evidence from international stock markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 71(C).
    13. Aleksandr V. Gevorkyan & Jacob Assa, 2021. "Poverty in “Transition”: 30 Years After and in the Pandemic," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(4), pages 1233-1258, September.
    14. Abdulrahman H. Alqahtani & Saleh A. Alqahtani & Abdullah S. Alhodaib & Ahmed M. Al-Wathinani & Amin Daoulah & Sameer Alhamid & Salah N. Al-Otaibi & Mohammed Abufayyah & Ahmad M. Wazzan & Saif S. Alsha, 2021. "Knowledge, Attitude, and Practice (KAP) toward the Novel Coronavirus (COVID-19) Pandemic in a Saudi Population-Based Survey," IJERPH, MDPI, vol. 18(10), pages 1-11, May.
    15. Depren, Özer & Kartal, Mustafa Tevfik & Kılıç Depren, Serpil, 2021. "Changes of gold prices in COVID-19 pandemic: Daily evidence from Turkey's monetary policy measures with selected determinants," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
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    17. Luca Bonacini & Giovanni Gallo & Sergio Scicchitano, 2021. "Working from home and income inequality: risks of a ‘new normal’ with COVID-19," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(1), pages 303-360, January.

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    More about this item

    Keywords

    Globalization; Coronavirus; COVID-19; Pandemic; Inter-country Distancing;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • I19 - Health, Education, and Welfare - - Health - - - Other

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