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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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    6. Fabio Milani, 2021. "COVID-19 outbreak, social response, and early economic effects: a global VAR analysis of cross-country interdependencies," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(1), pages 223-252, January.
    7. 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).
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    11. Cakici, Nusret & Zaremba, Adam, 2021. "Who should be afraid of infections? Pandemic exposure and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    12. Davide Furceri & Siddharth Kothari & Longmei Zhang, 2021. "The effects of COVID‐19 containment measures on the Asia‐Pacific region," Pacific Economic Review, Wiley Blackwell, vol. 26(4), pages 469-497, October.
    13. Davide Furceri & Pietro Pizzuto & Khatereh Yarveisi, 2024. "The effect of pandemic crises on fertility," Journal of Population Economics, Springer;European Society for Population Economics, vol. 37(1), pages 1-30, March.
    14. Gebka, Bartosz & Kanungo, Rama Prasad & Wildman, John, 2024. "The transition from COVID-19 infections to deaths: Do governance quality and corruption affect it?," Journal of Policy Modeling, Elsevier, vol. 46(2), pages 235-253.
    15. 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.
    16. 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.
    17. 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.
    18. 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).
    19. 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.
    20. Mauro Caselli & Andrea Fracasso & Sergio Scicchitano, 2022. "From the lockdown to the new normal: individual mobility and local labor market characteristics following the COVID-19 pandemic in Italy," Journal of Population Economics, Springer;European Society for Population Economics, vol. 35(4), pages 1517-1550, October.
    21. 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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