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COVID-19 and International Business

	International Journal of Scientific Research and Engineering Development (IJSRED)	Full Text:
	Published Issue : Volume-3 Issue-6
	Year of Publication : 2020
	Unique Identification Number : IJSRED-V3I6P7
	Authors : Ehsaanullah Moqimzai
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Abstract :

Globalization has been struggling since the 2008 economic crisis. Market failures were exposed, showing that global integration benefits were not evenly distributed among all, as many researchers believed. The outbreak of COVID-19 has enhanced the challenges to globalization and the International Business field. The increased mobility in a more connected world facilitated the virus spread, requiring social distancing measures. These measures have several adverse economic, political, and social effects, such as economic downturn, global value chain disruptions, waves of nationalism, and protectionism. At the same time, new forms of international collaboration emerge through technology. This chapter discusses the main consequences of COVID-19 to the global flows of people, information, money, and products, and the relevance of distance in this new context. It also reflects on the big questions that the pandemic brought to IB research and the future of international business for both practitioners and scholars.