Skip to main content

Geo-politics and the Geo-economics in the post-Covid-19 World

It is anticipated that the world will experience a change in the global order in the aftermath of Covid-19. These major changes will be on the economic and geopolitical front and we can see the failure of the international institutions and role of China and the US (refer: Expansion of G-7)

Failure of international institutions

The major international bodies such as the United Nations, the World Health Organization (WHO) are seen to have failed to curb the grave challenge posed by the pandemic COVID19. The WHO is under attack for being bias and of grossly underestimating the nature of the epidemic. The United Nations Security Council (UNSC) is criticized for being slow in dealing with a situation that is far severe than any military threat in recent times.


Economic crisis

The COVID19 pandemic will drastically impact the world in many aspects and one is economically. The World Bank has already announced negative growth rate for most countries, including some fastest growing nations like India. Economy and the job loss of millions across all sectors will further create a complicated situation.

 

Certain other important aspects related to political management and security is also expected to change. The role of the state as a provider of public goodwill are greatly enhanced.

·        

Role of China under scrutiny

This modern day pandemic will bring a far-reaching changes in the realm of geo-economics and geopolitics. The world is watching China’s move of seeking to take advantage from the crisis faced by the rest of the world. There is no confusion among the global fraternity that the current world pandemic owes a great deal to China’s negligence. But now China is seeking to convert its ‘failure’ into a significant opportunity. We are witnessing Sino-centrism at its best, or possibly its worst. Early recovery from the pandemic helping China to take advantage of the travails of the rest of the world, by using its manufacturing capability to its geo-economic advantage. It also eyeing to take geopolitical advantage by changing itself from being a Black Swan (responsible for the pandemic), to masquerade as a White one, by offering medical support to several Asian and African nations to fight the pandemic threat. Please refer the rise of China.

Hostile takeover bids by China

Amid the crisis there are enough reports of China’s moves to acquire financial assets and stakes in banks and companies across the world. For example, China has acquired a 1% stake in India’s HDFC Bank. Several countries, including India, Australia and Germany has recognized the inherent danger of a possible Chinese hostility and have begun to restrict Chinese foreign direct investment in their countries. China always dominated the Regional Comprehensive Economic Partnership (RCEP) and Belt and Road Initiative (BRI). This has possibly prepared the way for a China-centric multilateral globalization framework.


Global order under threat?

The existing global order is under threat and experiencing a geopolitical fallout due to this pandemic. The United States which is being touted as a ‘failing’ state in some circles. The US’s capacity to dominate the world is certainly under threat due to weakened economic and political position. Obviously, the main beneficiary of this geopolitical fallout is China, a country that does not quite believe in playing by the rules of international conduct.

Except for Germany, Europe is expected to lose its influence in the world affair and will prove incapable of defining and defending its common interests. Both France and the post-Brexit United Kingdom will lose its present strength.

The oil price meltdown has aggravated the already difficult situation in West Asia and both Saudi Arabia and Iran are set to face difficult times. Here, Israel could possibly in a position to exploit this situation to its advantage.

Conclusion

In the post-Covid-19 world, we are about to witness many changes on the economic and geopolitical front in the post-COVID19 world. The global institution should prepared itself to face the emerging challenges prevailing across the world.

Thank you for reading this article, you can share your feedback in the comments section. You can also suggest the topics on which you want our analysis.

Please like and subscribe to this post for up-to-dated information on world affairs.

Follow our facebook page for more such articles at:- https://www.facebook.com/thecivilanalyst


Labels:

Comments

Post a Comment

Popular posts from this blog

Biodegradable Golf Balls: Eco-friendly Solution for every Golfer

Did you know that every year thousands of golf balls are lost in our planet's waterways? This probably does not surprise anyone who plays golf. What harm could a little golf ball do anyways? Well, new studies are coming to light that the little golf ball is a big problem. As they break down they release their contents into the ecosystem. A modern golf ball is made from the following: thermoplastics, zinc oxide, zinc acrylate, benzoyl peroxide, heavy metals, polybutadiene, and other secret combinations of exotic materials not disclosed by the manufacturer. These are not good for the planet! Don't forget about the plastic portion of the ball either. As it breaks down the plastic turns into microplastics. From the deepest depths of the ocean to the snow of the Artic microplastics have been found by pollution researchers to invade every corner of our planet. The size of the current microplastic pollution problem is huge! Estimates are between 15 trillion and 51 trillion microplasti
2 comments
Read more

How to Shop Ethically in 2022?

The amount that we buy increases every year. According to the National Retail Federation , American shoppers buy more and more every year, with an average increase of 4.4% annually, and a record increase of 8.2% in 2020. As we begin another year, consider adding ‘ethical shopping’ to your list of resolutions for 2022. Easier said than done, you may be saying! With so many guides to the “best ethical brands” in every industry, it can be difficult to know where to start. This guide will help you understand what ethical shopping is and how you can apply ethical shopping in your day to day life for all types of products. Read more about Green Tax  here. What is Ethical Shopping? At its core, ethical shopping is the practice of buying from companies whose values you support.  This definition, of course, leaves a lot of room for interpretation. For example, the values of an organization may be expressed in different ways, such as how they produce their products, how they treat thei
4 comments
Read more

Urban Sprawl: An Emerging Issue

  Humans are becoming an increasingly urban species. They want to move to metropolitan cities and urban centres for better jobs opportunities or for the excitement of the city life. And this possess a really challenging developmental question of where are all these people going to go and if you live in a city, you might have noticed the expansion and the development of cities to suburbs and this is what we call urban sprawl. In 1937, Earle Draper - one of the first city planners in the south-eastern United States coined the term ‘sprawl.’ The urban sprawl is essentially the geographical expansion of a city or town and is often characterised as low density development, meaning housing is being built on really large land areas or scattered land locks, single use zoning and is also characterised by the increased reliance on private automobiles for each person transportation. The sprawl generally takes place in radial course around the city centre or in linear direction along the highways.
2 comments
Read more