Transitioning From Globalized to Localized and Self-Reliant Economies

The COVID-19 pandemic has significantly impacted global economic growth, leading to a shift towards localized and self-reliant economies. This reference source provides insights into digitalization, technological innovation, and personal finance, and is a valuable resource for economists, executives, managers, government officials, policymakers, entrepreneurs, IT departments, human resource managers, CEOs, students, researchers, and academicians.

Format: Hardback
Length: 315 pages
Publication date: 22 November 2021
Publisher: IGI Global

The outbreak of COVID-19 has had a profound impact on global economic growth. Global trade has transformed drastically and will only continue to do so as countries vote on export and import decisions based on global competition. Many countries would be compelled to reconsider multi-country trade deals as internal interests will push and dictate them. More important than ever, it is imperative that self-reliant economies be investigated specifically in the post-COVID-19 era in order to understand the impacts made on international ties and trade agreements.

Transitioning From Globalized to Localized and Self-Reliant Economies is a comprehensive reference source that looks at how economies are now moving towards becoming self-reliant, especially in the wake of the COVID-19 pandemic. Covering topics such as digitalization, technological innovation, and personal finance, this is a beneficial resource for economists, executives, managers, government officials, policymakers, entrepreneurs, IT departments, human resource managers, CEOs, students, researchers, and academicians.

The COVID-19 pandemic has caused a significant shift in global trade, with countries prioritizing their own interests over international cooperation. This has led to the reevaluation of multi-country trade deals, as countries seek to protect their domestic industries and workers. As a result, many countries are now looking to pursue more localized and self-reliant economic policies.

One of the key drivers of this shift is the rise of digitalization and technological innovation. These technologies have enabled businesses to operate more efficiently and effectively, allowing them to compete in global markets. However, they have also created new challenges, such as job displacement and income inequality.

To address these challenges, many countries are investing in education and training programs to upskill their workforce and promote innovation. They are also promoting policies that support small businesses and entrepreneurs, which can create new jobs and drive economic growth.

Another important aspect of transitioning to a localized and self-reliant economy is the importance of personal finance. Many people have been hit hard by the pandemic, with job losses and reduced income. As a result, they are becoming more conscious of their financial needs and are looking for ways to save and invest.

This has led to the growth of the personal finance industry, which offers a range of products and services to help people manage their money. These include savings accounts, investment products, and financial planning services.

In conclusion, the outbreak of COVID-19 has had a profound impact on global economic growth, leading to a shift in global trade towards more localized and self-reliant economies. This shift is being driven by the rise of digitalization and technological innovation, as well as the need to address job displacement and income inequality. To succeed in this new economic landscape, countries need to invest in education and training programs, promote innovation, and support small businesses and entrepreneurs. They also need to prioritize personal finance, as it is essential to building a strong and resilient economy.

Weight: 633g
Dimension: 279 x 216 (mm)
ISBN-13: 9781799887058