Contractor argues that the coronavirus outbreak only had temporary effects on the global economy, and that post COVID-19 globalization will resume. We posit that the pandemic will have significant long-lasting effects on globalization. Our arguments are grounded in three observations. First, the pandemic has increased inter- and intra-country inequalities and has reversed trends in poverty reduction, which will intensify anti-globalization sentiments in the future. Second, the pandemic has fueled populism, nationalism, and the return of the interventionist state in the economy, which has paved the way for a rise in protectionism. Third, governmental responses to the COVID-19 crisis have undermined the multilateral institutions that have thus far facilitated globalization. These forces have resulted in growing global uncertainty and higher costs in international transactions. We argue that global value chains’ reconfiguration will result in a less globalized, and more regionally fragmented world economy. We conclude by suggesting two fertile opportunities for international business scholars: researching commitment failure in international transactions and studying resilience, as illustrative examples of lines of inquiry that can help explain why this latest pandemic will compromise trends in globalization that have dominated the world economy for a long time.

Contractor 认为，冠状病毒的爆发仅对全球经济产生了暂时影响，而后 COVID-19 时代的全球化将会恢复。我们认为，这一流行病将对全球化产生重大而持久的影响。我们的论点基于三个观察结果。首先，疫情加剧了国家间和国家内部的不平等，扭转了减贫趋势，未来将加剧反全球化情绪。其次，疫情助长了民粹主义、民族主义，国家干预经济的卷土重来，为保护主义抬头​​埋下了伏笔。第三，政府对 COVID-19 危机的反应破坏了迄今为止促进全球化的多边机构。这些力量导致全球不确定性不断增加，国际交易成本上升。我们认为，全球价值链的重新配置将导致世界经济全球化程度降低、区域更加分散。最后，我们为国际商业学者提出了两个丰富的机会：研究国际交易中的承诺失败和研究弹性，作为调查路线的说明性例子，有助于解释为什么最近的这一流行病将损害长期以来主导世界经济的全球化趋势。很久。