COVID-19 Pandemic: Inflicted Costs and Some Emerging Global Issues

The new coronavirus or COVID-19 that spread from China in early 2020 has become a global pandemic, infecting and killing millions worldwide. Besides the human cost, economic social costs of are turning out to be enormous most societies on planet. lingering disease raised concerns related various strategic issues likely affect order per se profoundly. This article discusses possibility worldwide recession depression. analysis indicates world may see more effort reduce overdependence for functioning supply chain an attempt revert globalization reshape industrialization policy. It finds tussle between resurgent China’s state-centric national governance model versus West-led rule-based where democracy capitalism form core. argues emergent developments will bring increased focus China. Indeed, all these changes have managerial implications as well. followed qualitative approach collects analyses data by grounded theory research strategy develop explain those emerging issues, both strategic, short- long-term durability.