As the COVID-19 epidemic leaves a year behind, it has begun to question international financial balances and the dynamics of globalization. The circulation of people, goods and services brought about by globalization is increasingly restricted in this process. With the increased health expenditures due to the pandemic, countries are experiencing a decline in their economic growth rates. Countries’ trade levels are falling and public expenditures are increasing. In addition, COVID-19 is causing many people to be unemployed and exacerbating existing economic inequalities. While all this is happening, the roles of international institutions such as the World Bank and the IMF are also becoming questionable. After the global economic crisis in 2008, the problems created by COVID-19 also accelerate the discussions about the end of globalization. The increasing protectionist approach and the trade wars that started with China in the US President Trump period have begun to change the international economic balances. In this context, within the scope of the Global Academy speeches titled “The Effects of the Pandemic on Globalization and the International Economy”, the problems caused by the COVID-19 epidemic in the dynamics of globalization and the balance of the national economies will be discussed.
Moderator:
Sinem Akgül Açıkmeşe, Prof. Dr., Department of International Relations, Kadir Has University
Speakers:
Özgür Orhangazi, Prof. Dr., Department of Economics, Kadir Has University
Ebru Voyvoda, Prof. Dr., Department of Economics, Middle East Technical University
Serdar Sayan, Prof. Dr., Department of Economics, TOBB University of Economics and Technology
To watch the video recording of the panel in Turkish:
To listen to the audio recording of the panel in Turkish:
