COVID-19 is a call for a resilient globalization

Important lessons in disaster and risk management

AIM professor shares leadership principles in responding to the present crisis

Unlike natural disasters that the country has learned to brace for, the coronavirus disease 2019 (COVID-19) was an unprecedented disaster that has affected communities in numerous ways.

As the world continues to grapple with this pandemic and its effects, leaders can pick up from the COVID-19 crisis a lot of lessons on how to better prepare for disasters…


COVID-19 is a call for a resilient globalization

resilient globalisatoin
Recent supply chain shocks have exposed this fragility. In 2011, the earthquake in Japan and floods in Thailand rattled production of electronics and automobiles from Tianjin to Texas. Extreme weather events like wildfires hit food supply chains with increasing frequency.

COVID-19 has inflamed debate about the future of globalization. Even before the outbreak, rising protectionism and populism led some to question the wisdom of open borders and long, multi-step supply chains. Now, as contagion and equipment shortages sweep the globe, it seems as though interconnectedness itself is under attack.

The pandemic has shown how deeply entwined all of our fates are. It is also a wake-up call to vulnerabilities in our global systems. But we must diagnose the problem correctly if we are to find the right remedy. The problem with our globalized world isn’t interconnectedness. It’s a lack of “resilience:”the ability to cope with change and shocks.

Interconnection brings us great benefits and can be a source of resilience when well-configured. The early Internet was designed as a communications network able to survive a nuclear attack; its web of connections and in-built redundancy means no single node is critical to its viability…

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