Answered: Need a detailed self explanatory…

Need a detailed self explanatory explanation on how Covid-19 has impacted and will continue to impact globalisation. Include personal opinions.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter6: International Management

Section6.1: Importance Of International Management

Problem 3CC: What has the role of the Internet had on international business?

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Concept explainers

Cross-Culture Variations in Marketing

Cross-cultural variations reflect the interconnections between cross-cultural research, consumer behavior, and marketing. Cross-cultural marketing is the strategic process of marketing to consumers belonging to cultures different from the marketer's own culture.

Question

Need a detailed self explanatory explanation on how Covid-19 has impacted and will continue to impact globalisation. Include personal opinions.

Kindly add referred sources if any.

Expert Solution

Step 1

Globalization is under threat after the introduction of the COVID-19 Virus to the world. However, international trade, tourism is at a halt which has impacted the global economy to a great extent. The lockdown of economies, ban on travel to other countries have put a lot of financial pressure on the companies relevant to the tourism, transportation, and hospitality industry.

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