John Elly Quidulit

ACTIVITY NUMBER 3

In general idea, corona virus strikes all sectors of human living reason why the
economy of every country are now continually deteriorating. The pandemic covers the
light sides in every corners of the world that really put burdens into the labor
industries, trade and markets, cultural aspects, economy and political aspects of
globalization.Until now, we have seen various national government take different
forms of responsiveness.Reasons of more borrowings of countries to the private banks
even the riches countries of the world. After this pandemic we will see a big
difference on the process of globalization.the progressive companies on based on the
center of gold will transfer to other countries which deals on the lower cost or deal,
it’s a well orchestrated world wide financial fiasco.banks will benefit from this,more
insolvencies by private businesses, more borrowings by the government all over the
world to finance their countries. It will occur a problem of foreign companies or
investors,the labor groups who are filtrating companies to stage strikes and labor
disputes to gain money from the companies. Country loses investors or companies are
closing due to strikes and labor disputes. In addition, the constant quest to
generate short- to medium-term profits does not exactly facilitate investments
in this crucial area of healthcare.Shareholders and management both know
the downside risks.but on the good side,Nationalists ought to take note that,
much to their chagrin, any effective approach to managing pandemics will
involve renewed international cooperation.This is certainly true for the
scientific community, but also at least for like-minded governments.It does not
help that present economic and political realities are characterized by
fainthearted political leadership and shareholder abhorrence to risk.The
proper response is to implement solutions that will “distribute the future,” and
its financial risks, more evenly. Global problems require global responses.
This is consistent with the ethos of globalization.In short, more international
cooperation is required to deal with present and future pandemics, first to
address present dangers, second to mitigate future risks.Cooperative
measures must be undertaken at the international and regional level, between
governments, in public-private partnerships and between private-sector
partners.